Kalshi Pursues Approval for Stock Perpetual Futures Contracts

Kalshi Seeks Approval for Perpetual Futures Contracts on Major Stocks

Prediction market operator Kalshi is pursuing U.S. regulatory clearance for approximately 60 perpetual futures contracts linked to individual stocks and ETFs, including Tesla (TSLA), Apple (AAPL), and Nvidia (NVDA). Perpetual futures are leveraged instruments without expiration dates that enable continuous trading, even during periods when traditional equity markets are closed.

Kalshi has already established a presence in regulated cryptocurrency perpetuals. The Commodity Futures Trading Commission granted approval for its Bitcoin perpetual contract in May. This week, Kalshi introduced round-the-clock gold and silver perpetual contracts offering leverage up to 15x.

The regulatory hurdles for individual stock perpetuals are more stringent compared to cryptocurrency-based products. According to existing regulations, futures contracts on single securities fall under joint jurisdiction of both the SEC and the CFTC. This framework means Kalshi must secure authorization from both regulatory bodies before offering these products.