Kalshi Seeks Approval for 24/7 Stock and ETF Perpetual Contracts as Regulators Debate Oversight
Source Summary
Kalshi, a prediction-market operator, plans to seek U.S. regulatory approval for approximately 60 stock and ETF perpetual contracts, including Tesla and Nvidia. The move would bring perpetual futures—a major cryptocurrency trading product—into equities markets. Wall Street participants are debating which regulatory body should oversee these new instruments.
Why it matters
Approval would extend a major cryptocurrency trading mechanism to traditional equity markets and create regulatory uncertainty about which U.S. agency has jurisdiction.
What remains uncertain
It is unclear whether U.S. regulators will approve Kalshi's application or which agency will ultimately have oversight authority.
