Kalshi Launches Regulated Perpetual DOGE Futures in the US

The Dogecoin community has something new to celebrate. Trading in fully regulated perpetual DOGE futures has officially begun in the United States by Kalshi. This gives retail investors access to legal 'perpetual' contracts on the meme token within a CFTC-regulated jurisdiction.

Until now, local traders had to choose between fixed-term futures on Coinbase and Robinhood or move to offshore platforms. The listing under the Kalshi brand changes that picture. One contract equals just 10 DOGE, and leverage is kept within strict regulatory limits, with a maximum of 3.8x for long positions and 2.8x for short positions.

The main economic benefit of onshore perpetuals for Americans is tax treatment. The contracts fall under Section 1256 of the U.S. Internal Revenue Code, which applies the 60/40 rule to profits: 60% of income is taxed at the lower long-term capital gains rate, while 40% is taxed at the short-term rate, regardless of how many minutes a trader held the position.