Kalshi expands AI compute trading with advanced terminal and forward‑price curve

Kalshi, a US‑based prediction‑market exchange, announced two new initiatives aimed at professional traders. First, the company launched an "advanced trading terminal" for its prediction‑market platform, though the announcement provides no details on features, timelines or executive commentary.

Second, Kalshi built a forward curve for GPU compute costs by linking weekly and monthly prediction‑market contracts that extend up to a year. Chief risk officer Udesh Jha said, "We are using prediction markets to build the forward curve, which will provide the market a view of what compute costs will be in the future for different grades and time‑frames of GPUs." The curve is intended to serve as a reference for futures, options and other derivatives, giving buyers and sellers a shared outlook for hedging and speculative activity. Kalshi joins CME Group and Intercontinental Exchange, which are also developing compute‑related futures, but unlike those exchanges Kalshi relies on its existing prediction‑market framework rather than pursuing new regulated futures contracts.

The moves reflect growing interest in treating AI infrastructure, particularly GPU rental rates, as a tradable commodity amid projected trillion‑dollar AI spending over the next decade.