Kalshi has introduced CFTC-approved perpetual contracts, marking a significant shift in the trading landscape as these instruments become available on a regulated U.S. platform. Previously, offshore perpetuals accounted for $90 trillion in trading volume last year without a U.S. regulatory framework. The launch has sparked debate, with CME expressing concerns and labeling the new offering as potentially problematic. The introduction of these regulated perpetuals could reshape market dynamics, providing traders with new opportunities under the oversight of U.S. regulators.