Kalshi announced today that KalshiEX LLC has received approval from the Commodity Futures Trading Commission (CFTC) as an authorized Designated Contract Market (DCM), establishing Kalshi as the first regulated financial exchange dedicated to trading event contracts.

“Today marks a paradigm shift for financial markets, and this is just the beginning,” said Tarek Mansour, co-founder and CEO of Kalshi. “This designation opens a new chapter in U.S. financial history, one where investors can hedge and mitigate everyday risks.”

Kalshi is now approved to operate a federally regulated exchange that allows investors to trade directly on the anticipated outcome of future events. From the creation of grain futures in 1848 to the expansion of commodity trading into the agricultural, extractive and financial sectors a century later, financial markets have always evolved with the economy and the main drivers of its inherent risks. Kalshi marks the next natural step in this evolution by offering an asset class that meets the demands of today’s information economy: event contracts.

“We are grateful to the CFTC for all the work that has gone into helping us achieve this crucial milestone.” Mansour added. The CFTC designation paves the way for Kalshi’s exchange to launch early next year.