Kalshi, the New York-based derivatives exchange specializing in prediction markets, plans to file for regulatory approval to list perpetual futures on individual stocks, starting with Tesla, Apple and Nvidia. The filing, expected at both the CFTC and SEC, would cover approximately 60 stock- and ETF-linked perpetual futures products, each contract representing 100 shares with a minimum margin requirement of roughly 15% of notional value. Underlying stocks must meet a minimum market cap of $100 billion and an average daily trading volume of at least $450 million. These contracts, trading 23 hours a day, five days a week, with no expiration date and cash settlement, face opposition from CME Group which sued the CFTC in June 2026, as well as concerns from Citadel Securities regarding potential regulatory evasion risks.
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