Kalshi Seeks Approval for Perpetual Contracts Linked to U.S. Stocks

Kalshi has filed a rule change request with the U.S. Securities and Exchange Commission and an application with the Commodity Futures Trading Commission to seek approval for perpetual contracts tied to U.S. individual stocks. According to PANews, the proposed contracts would have no preset expiration date and would use periodic funding rates between long and short positions to keep prices aligned with the underlying stock. Kalshi said the contracts would be treated as securities futures products and cleared through Kalshi Klear, its CFTC-registered clearinghouse.