Prediction market platform Kalshi has asked U.S. regulators to allow it to relist computing derivatives, Axios reported on Oct. 21.

According to the report, the computing derivatives Kalshi wants to list would be products that trade on what GPU rental costs will be in the future. Kalshi was reported to have received an order from the Commerce Department earlier this year to halt the product, citing national security concerns. The Commerce Department denied it.

Sudhir Jain (수디르 자인), Kalshi’s chief compliance officer, said in a LinkedIn post on Oct. 21 that Kalshi submitted comments to the Commodity Futures Trading Commission (CFTC) seeking permission for the computing derivatives. He also argued that GPU prices should be set in the U.S. market, not overseas.

Jain said, "Computing already fits the definition of a commodity," adding, "Both buyers and sellers have reasons to reduce price fluctuation risk. Buyers such as AI research and development companies can lock in costs in advance. Suppliers such as data centre operators can protect revenue earned from GPU investments."

The CFTC in August opened a public comment period on computing futures products. CFTC Chairman Michael Selig said at the time, "Just as U.S. markets set the benchmark for commodity trading that drove the industrial economy, we will do the same for the commodities that will drive the intelligent economy." The comment period ended on Oct. 20.