Kalshi applies to launch perpetual contracts linked to U.S. individual stocks.
56 minutes ago
Kalshi has applied to launch perpetual futures contracts tied to individual U.S. stocks, joining Coinbase in efforts to bring crypto-style derivatives into the traditional stock market. The prediction market platform filed a proposed rule change with the U.S. Securities and Exchange Commission (SEC) on Friday, and submitted the related proposal for approval to the U.S. Commodity Futures Trading Commission (CFTC). The CFTC has not yet approved the proposal. The proposed contracts will have no preset expiration dates, and will align their prices with their underlying stocks via periodic funding rate payments between long and short positions. Kalshi said these contracts will be classified as securities futures products, and will be cleared through Kalshi Klear, its CFTC-registered clearing house. The application was filed on the same day Coinbase submitted its own proposal to launch U.S. individual stock perpetual futures, with both companies aiming to bring this popular crypto-market derivative to the traditional stock market.
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