Kalshi Seeks CFTC Approval for Stock Index and Copper Perpetual Futures

Kalshi is pushing into traditional markets by submitting proposals to the CFTC for approval of perpetual futures contracts based on a major US stock index and copper.

The exchange, known for its event contracts, aims to bring crypto-style perps to stocks and commodities. Perpetual futures have become a fundamental part of crypto trading, comprising 93% of derivatives trading, according to Cornell University researchers.

Kalshi's proposed US500 Contract will monitor the MerQube US Large Cap Index, while COPPERPERP will measure copper prices using data from the Pyth Network. The exchange must wait for CFTC sanction before launching these products.