A new staff letter gives qualifying developers a path to build wallets, trading interfaces, market aggregators and other applications that connect users to regulated derivatives markets without automatically registering as introducing brokers. The opportunity is substantial — but so are the boundaries.

At launch, Kalshi advertised precious-metals perpetuals with leverage of up to roughly 15 times, although available leverage is dynamically determined and can change. The company describes the products as the first U.S. gold and silver perpetual futures of their kind.

On September 1, 2026, 21 major financial institutions announced their commitment to establish a new company that will issue a U.S. dollar-denominated stablecoin, with a targeted launch in the first half of 2027. The group includes Bank of America, Citi, Goldman Sachs, Wells Fargo, UBS, Deutsche Bank, Santander, BBVA, MUFG and other major institutions spanning North America, Europe, Asia, the Middle East and Africa.