Kalshi has asked US regulators for permission to launch perpetual contracts linked to precious metals, extending the popular crypto trading product into the gold, silver, and platinum markets, Bloomberg reported Tuesday.

The company submitted its request to the Commodity Futures Trading Commission under a review process that gives the agency 45 days to approve or reject the products.

If approved, the contracts would initially operate five days a week for 24 hours a day, five days per week, with possible longer hours depending on market demand. Kalshi’s chief risk officer Udesh Jha said the company is also evaluating potential expansion into other asset classes, including foreign exchange and equities, according to the report.

The push comes amid rising competition between crypto exchanges, prediction markets, and traditional financial venues. Platforms such as Hyperliquid have expanded perpetual trading into commodities, while exchanges like CME are exploring longer trading hours for conventional futures products.

However, CME’s latest effort has faced regulatory resistance after the CFTC delayed CME’s plans for 24/7 crude oil futures, saying the proposal requires additional review before it can proceed.