Investors can capitalize on expanding revenue streams in retail brokerages like Coinbase Global, Inc. (COIN) and Robinhood Markets, Inc. (HOOD) as they integrate embedded prediction markets to drive user engagement.

Traders seeking compliant crypto exposure can now utilize regulated US perpetual futures on Bitcoin (BTC) and Ethereum (ETH) to eliminate contract expiration and rolling costs.

Active investors can access up to 6x regulated leverage on leading altcoins including Solana (SOL), NEAR Protocol (NEAR), Sui (SUI), and XRP (XRP) without relying on offshore exchanges.

Keep a close watch on the upcoming launch of perpetual contracts for gold and silver, which will offer capital-efficient commodity hedging with higher leverage limits and no traditional contract roll fees.

Coinbase Global, Inc. (COIN) & Robinhood Markets, Inc. (HOOD)

• Both platforms have partnered with Kalshi to integrate prediction market infrastructure and order routing directly into their user interfaces.
• These retail brokerages are expanding their monetization and feature sets by offering event-based contracts and prediction markets to their large existing customer bases.
  • International and domestic brokers (including XP in Brazil and Wealthsimple in Canada) are taking a similar embedded approach.

Takeaways

• Retail brokerages that successfully embed new derivative products like prediction markets can increase user retention and capture transaction flow without bearing independent regulatory licensing burdens.

Bitcoin (BTC) & Ethereum (ETH)

• Kalshi launched the first regulated perpetual futures contracts for BTC in the United States following CFTC approval.
• The approval established a regulatory framework that permits self-certification and streamlined listing of additional crypto assets.
• Prediction markets centered on hourly, daily, monthly, and annual price targets for BTC and ETH represent 20% to 30% of Kalshi's prediction market volume.
• Platform development is underway to explore non-cash spot margining directly in BTC.

Takeaways

• Regulated US perpetual futures provide onshore retail and institutional investors with compliant, VPN-free access to leveraged BTC and ETH trading with no contract expiration or rolling costs.

Gold, Silver & Commodities

• Kalshi has filed for regulatory approval to launch perpetual futures contracts on physical commodities, starting with gold and silver.
• Event contracts around commodities (including oil) experienced 100x volume growth within their first few days of launch.
• Non-crypto commodity perpetual contracts are planned to feature higher leverage limits than crypto derivatives due to lower underlying asset volatility.

Takeaways

• The introduction of perpetual futures to real-world assets (RWAs) enables capital-efficient commodity hedging and speculation without the standard contract roll costs typical of traditional futures exchanges like the CME.

NEAR Protocol (NEAR)

• NEAR is listed as an approved perpetual futures market on Kalshi's regulated exchange.
• The protocol powers cross-chain infrastructure capable of post-quantum signing, having facilitated over $25 billion in transactions over five years of mainnet operation without downtime.

Takeaways

• Increased integration across both regulated derivatives platforms and multi-chain wallet solutions provides NEAR with expanded liquidity channels and operational utility.

High-Cap & Mid-Cap Altcoins (SOL, SUI, HYPE, XRP, DOGE, ZEC)

• Multiple crypto assets—including Solana (SOL), Sui (SUI), Hyperliquid (HYPE), XRP (XRP), Dogecoin (DOGE), and Zcash (ZEC)—are available on Kalshi's regulated US perpetual platform.
• Listed tokens meet standardized risk-model frameworks approved by the CFTC.
• Platform leverage for these crypto assets is currently capped at 6x, designed to accommodate the 70% to 80% of traders who utilize leverage between 2x and 4x.

Takeaways

• The availability of regulated US perps offers compliant exposure to top altcoins for US institutions and retail traders who previously relied on offshore or decentralized exchanges.