Tarek Mansour
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Kalshi trading in 'perps' crosses $1 billion in volume within a week of launch
Prediction market platform Kalshi's perpetual futures have already crossed $1 billion in trading volume within a week of their launch last week, the company shared exclusively with CNBC. The company officially launched trading on crypto perpetual futures, or "perps," on Wednesday, and in the first 24 hours saw more than $100 million in volume. Perps are futures contracts with no expiration date that allow traders to speculate on a price without owning the underlying asset.