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Kalshi Files to Bring Perpetual Futures to US Stocks
Kalshi said the contracts would have no preset expiration date and would use periodic funding payments to track stock prices.
- On Friday, Kalshi filed with the Securities and Exchange Commission and Commodity Futures Trading Commission to offer perpetual futures tied to individual American stocks, expanding crypto-style derivatives into traditional equity markets.
- These filings follow the Senate's Sept 15 rejection of the CLARITY Act, which fell short of the 60 votes required to proceed, prompting SEC Chair Paul Atkins to say the agency would "act decisively" without legislation.
- Payward, the parent company of Kraken, also submitted a proposal through Bitnomial Exchange to offer perpetual futures on 10 American equities including Apple, Microsoft, Amazon, Tesla, and Nvidia, while targeting 24/5 trading.
- The proposed contracts would carry no preset expiration date, utilizing periodic funding payments between long and short positions to maintain price alignment with the underlying stocks.
- Kalshi, which already offers perpetual futures for Bitcoin, Ether, Solana, and XRP, now awaits Commodity Futures Trading Commission approval for this stock-based expansion, joining Coinbase and Bitnomial in pursuing these derivatives.
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Kalshi asks SEC and CFTC to back up for future U.S. stock perpetuals; Coinbase and Kraken also look for similar products
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