The Kalshi intends to seek regulatory approval to offer perpetual futures tied to stocks such as Tesla, Nvidia, and Apple in the United States, according to The Wall Street Journal. The company plans to submit about 60 contracts, including stocks and ETFs, with continuous trading.
The so-called perpetual futures have no expiration date, allowing positions to remain open indefinitely as long as margin requirements are met. The format, popularized by the cryptocurrency market, can also allow trading 24 hours a day, seven days a week.
Kalshi has already received authorization from the Commodity Futures Trading Commission (CFTC) to offer a perpetual contract based on the price of bitcoin. The expansion into stocks would take this model directly to traditional financial market assets.
Approval is still the main obstacle
The new contracts still depend on approval from U.S. regulators. The classification of perpetual futures also faces disputes in the market, including questions about whether certain products should be treated as futures or as swaps.
If authorized, the contracts would allow continuous exposure to companies such as Tesla, Nvidia, and Apple, without the periodic expirations of traditional futures, bringing structures created in the crypto market even closer to stock derivatives in the United States.
