THE BLOCK · 2026-11-10 06:19 UTC

Coinbase, Kalshi and Payward backs CFTC in lawsuit over single-stock perp futures

Coinbase, Kalshi, Payward (Kraken parent), DRW Holdings, Jump Trading and Paradigm have asked a federal court for leave to file an amicus brief supporting the CFTC. The brief responds to a lawsuit by the Capital Markets Alliance, whose members include Cboe and Citadel Securities, seeking to overturn the CFTC's approval of single-stock perpetual futures. Coinbase, Kalshi and Payward applied to list equity perps tied to U.S. stocks, and the applications were deemed approved on Nov. 2.

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