COINTELEGRAPH · 2026-11-10 11:48 UTC

Coinbase, Kalshi join lawsuit backing CFTC over US stock perp futures

Coinbase, Kalshi, Payward (Kraken parent), DRW Holdings, Jump Trading and Paradigm Operations asked a federal court to accept a brief backing the CFTC in a lawsuit over single-stock perpetual futures. The companies argue stock perps fall under existing US futures laws and that a fixed expiration date is not required for a security future. The CMAA, whose members include Cboe and Citadel Securities, argues the contracts should be regulated as security-based swaps; Judge Valerie Caproni found the CMAA likely to succeed but denied a temporary restraining order.

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