Kalshi and Coinbase Push for Regulated Perpetual Futures on US Stocks

Kalshi has filed a proposal with US regulators to offer perpetual futures tied to individual stocks, joining Coinbase in its bid to bring this trading structure into traditional equities.

The proposed contracts would be cash-settled and not deliver ownership of the underlying shares. They would use periodic funding payments between long and short positions to keep them aligned with the prices of the referenced stocks, according to Cointelegraph's report.

Kalshi submitted its proposal to both the SEC and the CFTC on September 18, but it is still awaiting approval from the latter. The company plans to clear these products through its CFTC-registered clearinghouse, Kalshi Klear.