Kalshi Seeks Approval for Regulated Single-Stock Perpetual Futures
Kalshi is planning to seek regulatory approval for roughly 60 perpetual futures tied to individual stocks and exchange-traded funds in the US. If approved, they would be the first regulated single-stock perps offered in the country.
Perpetual futures allow traders to bet on whether an asset will rise or fall without the contract ever expiring. They make regular payments to one another that help keep the contract near the price of the asset it tracks.
Kalshi already won approval from the Commodity Futures Trading Commission (CFTC) in May for a bitcoin perpetual contract, which was classified as a futures contract.
However, prominent trading firm Citadel Securities has expressed concerns that products tied to US public companies should remain under SEC oversight. The firm warned that moving them elsewhere could create a 'parallel shadow market' disconnected from the surveillance used across US stocks and options.