Kalshi Seeks Regulatory Approval for Stock Perpetual Futures

Kalshi has filed with U.S. regulators to offer perpetual futures tied to individual stocks and ETFs, joining Coinbase and Kraken-linked Bitnomial in a race to bring crypto-style derivatives into traditional equity markets.

The proposed contracts would have no predetermined expiration date, with long and short holders exchanging periodic funding payments to keep the perpetual contract close to the price of its underlying stock.

Kalshi intends to classify these products as security futures, which would be cleared through Kalshi Klear, its CFTC-registered derivatives clearing organization.

This move follows an earlier plan to seek approval for roughly 60 stock and ETF perpetual futures, with proposed contracts tied to companies including Apple, Nvidia, Microsoft, Amazon, Meta, and Alphabet, as well as products linked to ETFs such as SPY and QQQ.