Kalshi Files to List Index Perpetual Futures with CFTC

Kalshi's filing is notable less for the product itself than for the direction of travel: a prediction-market venue seeking to list index perpetuals pushes it toward territory long occupied by established derivatives exchanges, and it tests how far the CFTC is willing to let that boundary blur. The outcome matters for venues weighing similar expansions and for incumbents watching a newer entrant angle into their core products. Whether the filing advances, and on what terms, is the open question.