Kalshi Bows to Agriculture Industry Pushback on Trading Hours

Kalshi Inc. has agreed to limit trading hours on new financial contracts tied to crops like corn and wheat after facing pushback from the agriculture industry and derivatives exchanges.

Trading on Kalshi, the most popular US prediction market, generally happens around the clock, seven days a week, but the company has told groups representing the agriculture industry that for certain products it will stick to the same hours as traditional exchanges.

An industry group representing derivatives exchanges, traders and commodities producers, the Commodity Markets Council, organized two calls with Kalshi to express its concerns about the startup’s new agriculture ...