Kalshi Inc. Launches US Inflation Futures Market in December

Kalshi Inc. is developing a futures market tied to United States inflation to compete directly with traditional financial exchanges. The New York-based prediction market firm plans to launch exchange-traded futures contracts in December that will track the consumer price index and the core inflation gauge, which excludes food and energy.

To attract the world's largest banks and hedge funds, the firm hired Michael Ashton, a former Barclays Plc trader. Ashton is tasked with designing the contracts and generating interest among major investment firms to establish the market's viability.