Kalshi seeks CFTC approval for stock perpetuals
Kalshi has filed with the SEC and CFTC on September 18 to list U.S. stock and ETF-linked perpetual futures, proposing 23-hour weekday trading and a 15.50% minimum customer margin. SummaryKalshi filed stock perpetual rules with regulators, while CFTC approval remains pending after September 18.Proposed contracts would trade from Sunday evening through Friday, with daily one-hour maintenance windows scheduled.Kalshi proposes 15.50% minimum customer margin and cash settlement through its registered Kalshi Klear clearinghouse.CFTC records list Apple, Tesla, Microsoft, Nvidia, Amazon, SPY and QQQ perpetuals awaiting approval currently.Coinbase and Bitnomial submitted competing stock perpetual proposals on September 18 under separate regulatory processes. The SEC filing says the contracts would have no preset expiration date and would be treated as security futures products, while the CFTC has not approved Kalshi‘s proposal. The regulator’s public product database still listed Kalshis equity perpetual submissions as “Approval Pending (45)” on September 20. Kalshis proposed Rule 14.11 sets trading from 6:00 p.m. ET on Sunday through 5:00 p.m. ET on Friday, with a daily maintenance window from 5:00 p.m. to 6:00 p.m. ET. The SEC notice says trading would stop during required regulatory halts affecting the underlying security, while Kalshi could set different hours for a particular contract when its









