FORBES · 2026-11-12 18:29 UTC

Stock Perpetual Futures: The Crypto Trade Wall Street Is Suing To Stop

The CFTC approved perpetual futures on individual U.S. stocks as security futures, listed by exchanges registered with both the CFTC and SEC, including KalshiEX, Coinbase Derivatives and Bitnomial. Kalshi listed four stock contracts on day one and more than 50 within two days, with about $375 million in daily volume, according to challengers' court filings. A court challenge backed by Wall Street heavyweights could still overturn the approval, and the article warns that leverage can wipe out positions quickly, especially around earnings and overnight trading.

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