GPU computing power now has its own futures market. Kalshi, the first federally regulated prediction market exchange in the US, has launched contracts that let traders speculate on the per-hour cost of running NVIDIA’s most sought-after chips.
The contracts cover NVIDIA’s H100, H200, B200, and RTX 5090 hardware, resolving based on real-time pricing data from Ornn, an index provider that tracks average compute-per-hour costs across the GPU rental market.
How GPU compute became a commodity
Ornn defines GPU compute as a commodity class comparable to energy and metals. Their index provides the settlement mechanism for Kalshi’s contracts, giving traders a transparent benchmark rather than relying on anecdotal marketplace pricing.
In early coverage of the index, Ornn reported H100 compute prices averaging around $1.70 per hour.
