Kalshi and Coinbase Join Forces for US Stock Perpetual Futures
Kalshi has filed a proposal to offer perpetual futures tied to individual US stocks, joining Coinbase in an effort to bring crypto-style derivatives to traditional equity markets.
The prediction market submitted its proposed rule change with the Securities and Exchange Commission (SEC) on Friday and also submitted it to the Commodity Futures Trading Commission (CFTC) for approval. The CFTC has yet to approve the proposal.
Kalshi said the contracts would be treated as security futures products and cleared through its CFTC-registered clearinghouse, Kalshi Klear. These perpetual futures would have no preset expiration date and would use periodic funding payments between long and short positions to keep their prices aligned with the underlying stocks.