OG.com Seeks CFTC Approval for Single-Stock Perpetual Futures

OG.com Markets is seeking US regulatory approval to offer perpetual futures tied to individual stocks.

The company, valued at $5 billion, recently spun out of crypto exchange Crypto.com and plans to expand beyond prediction markets into futures and perpetual contracts.

Perpetual futures, or 'perps,' have no expiration date, allowing traders to maintain exposure without periodically rolling into new contracts. This product was pioneered in crypto by BitMEX in 2016.

OG.com is joining a growing group seeking regulatory approval for perpetual futures tied to US stocks. Other companies, including Coinbase, Kraken parent Payward through its Bitnomial exchange, and prediction market Kalshi, have also filed to offer this product.