Key Insights: Kalshi prediction market plans to seek U.S. approval for roughly 60 perpetual futures tied to stocks and ETFs, including Tesla, Apple, and Nvidia. Citadel Securities opposes the
Key Insights:
- Kalshi prediction market plans to seek U.S. approval for roughly 60 perpetual futures tied to stocks and ETFs, including Tesla, Apple, and Nvidia.
- Citadel Securities opposes the plan, arguing equity-linked perps should remain under SEC oversight and warning of surveillance and insider-trading gaps from 24/7 trading.
- Kalshi’s expansion faces regulatory uncertainty, as CME is already challenging its Bitcoin perpetual approval in federal court.
Kalshi prediction market plans to seek U.S. approval for perpetual futures tied to major stocks and exchange-traded funds. The proposed contracts would bring crypto-style, round-the-clock derivatives trading to names such as Tesla, Apple, and Nvidia.
Kalshi intends to seek approval from the Commodity Futures Trading Commission for roughly 60 equity-linked perpetual contracts, according to The Wall Street Journal.
The expansion could widen Kalshi’s reach beyond prediction markets and cryptocurrency derivatives. However, Citadel Securities has pushed back against the proposal as Wall Street debates which regulator should oversee the products.
Kalshi Prediction Market Eyes Single-Stock Perpetuals
The Kalshi Prediction Market platform, long known for event contracts, would be the first to offer regulated perpetual futures on U.S. single stocks.
CEO Tarek Mansour and his team have called these “American Perpetuals,” designed to give U.S. traders access to crypto-style derivatives in a CFTC-registered venue.
According to WSJ, a Kalshi prediction markets spokeswoman said the platform has already won CFTC approval for bitcoin perps and expects similar green lights for stock perps.

Kalshi prediction market seeks approval for 24/7 stock perpetuals | Source: X
If granted, the new contracts would allow investors to take leveraged long or short positions on Tesla stock, Nvidia stock, and Apple, 24/7 – around the clock, rather than during regular market hours.
Industry observers note this move marks a melding of crypto derivative tools with mainstream equities, potentially tapping demand from retail and institutional traders alike.
Regulatory and Legal Context
Kalshi’s bid comes amid a shifting regulatory landscape. The Wall Street Journal notes Kalshi will ask the CFTC for permission to list roughly 60 perpetual futures tied to stocks and ETFs. This push follows Kalshi’s recent CFTC approval of a regulated bitcoin perpetual in May 2026.
Some Wall Street firms have raised concerns: prominent trader Citadel wrote regulators, warning that equity-linked perps outside SEC oversight could create a “parallel market” with different safeguards.
In parallel, the Kalshi prediction market platform is involved in litigation. In early September, New Jersey asked the U.S. Supreme Court to settle whether state gambling laws can apply to Kalshi’s trading of sports-event prediction contracts.
That dispute, whether Kalshi’s products fall under federal or state jurisdiction, underscores the debate over novel financial products.
The firm argues federal law (the Commodity Exchange Act) should preempt local gambling rules, while New Jersey insists Kalshi prediction markets must obey state statutes.
Crypto Derivatives and Tokenized Stocks
Kalshi’s stock-perpetual plans mirror its expansion in crypto derivatives. In early September 2026, Kalshi added perpetual futures for major cryptocurrencies, including Cardano and Binance Coin, under its “American Perpetuals” brand.
That launch, on Sep. 4, 2026, included contracts that settled in dollars, with leverage up to 4.5×. The Coin Republic reports that Kalshi now offers over a dozen crypto perpetuals (Bitcoin, Ethereum, Dogecoin, etc.) on its regulated platform.
These offerings reflect a broader trend toward tokenized assets: for example, Payward’s Kraken (which powers xStocks) has also championed 24/7 tokenized stock trading on public blockchains.
The Coin Republic also noted that Kalshi “recently added Zcash, Near Protocol, Dogecoin, and Shiba Inu contracts”. In fact, Dogecoin’s inclusion among Kalshi’s new perps highlights how even meme coins are entering regulated markets.
Other crypto news outlets have reported that Dogecoin trading venues are expanding, including tokenized and regulated platforms, offering investors new ways to access the coin.
Kalshi prediction market’s crypto perp launches coincided with price jumps: ADA rose nearly 10% and BNB over 5% when those perps went live. Dogecoin has likewise seen revived investor interest as it becomes available on more regulated trading products.
This article is for informational purposes only and does not constitute financial, investment, legal, or trading advice. Trading stocks, crypto assets, futures, and other derivatives involves risk. Readers should conduct their own research and consider their financial situation before making investment decisions.
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