TREE NEWS update: Prediction market Kalshi has filed a rule-change request with the US SEC and an application with the CFTC to launch perpetual contracts tied to US individual stocks. The proposed contracts would carry no set expiry date and settle through periodic funding rates between long and short positions to keep prices aligned with the underlying shares. Kalshi said the contracts would be treated as security futures and cleared through its CFTC-registered clearinghouse, Kalshi Klear.
Kalshi and Kraken Parent File with SEC, CFTC for Stock-Linked Perpetual Contracts
AI take
The significance lies less in the product than in the regulatory route: Kalshi is asking two agencies to bless a structure that straddles securities and derivatives, with its own clearinghouse as the backstop. That puts the CFTC's security-futures framework, not crypto-specific rules, at the center of how stock-linked perpetuals might reach US traders. Whether the SEC and CFTC coordinate or diverge on the funding-rate design is the open question.
Generated by AI for reference only.
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