Kalshi files for perpetual futures and margin trading

Kalshi seeks approval to list perpetual futures on 58 US stocks and ETFs, and to offer margin trading on select event contracts. Both proposals await CFTC approval and are not yet live.

Kalshi has submitted proposals to the SEC and CFTC to launch perpetual security futures on 58 US stocks and ETFs. These contracts would mirror crypto-style perpetual futures, featuring no fixed expiration date and using funding mechanisms to keep prices in line with the underlying assets. Settlement would be in cash, but trading is not yet available as CFTC approval is still pending. In a separate filing, Kalshi has also sought CFTC approval to introduce margin trading for eligible event contracts, excluding those related to sports, culture, and mention markets. This margin trading option would be limited to institutional traders who meet specific capital requirements, allowing them to post only a fraction of the contract value as collateral. Both proposals are currently under regulatory review and do not represent product launches at this stage.