Kalshi files to offer perpetual futures on individual US stocks
Kalshi submitted proposals to US regulators for perpetual futures tied to individual stocks. The contracts still require approval, and Coinbase and Kraken-related entities have filed similar proposals.
What this could mean for you
Some retail traders could face larger losses from leveraged exposure to individual stocks.
Perpetual futures allow positions to remain open without a preset expiry and involve funding payments between long and short traders.
Reported basis: [1] · The possible effect is interpretation.
Depends on: The proposals must first receive regulatory approval and become available to traders.
Possible consequences, not a forecast. Their relevance depends on your location and the conditions above.
For your country
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What changes the outlook
Risk increases if…
Regulators approve the products without effective controls on leverage or retail access.
Pressure eases if…
Regulators reject the proposals or impose strict limits on leverage and eligible traders.
The details behind the risk
Open a detail to see which references were used. The source list includes available excerpts and links to the original articles.
Kalshi filed a proposed rule change with the Securities and Exchange Commission and submitted the proposal to the Commodity Futures Trading Commission for approval. [1]
References for this detail (1)
- Kalshi Files to Bring Perpetual Futures to US Stockscointelegraph.com · Sep 19, 2026, 6:46 PM UTC
The proposed contracts would have no preset expiration date and would use periodic funding payments between long and short positions. [1]
References for this detail (1)
- Kalshi Files to Bring Perpetual Futures to US Stockscointelegraph.com · Sep 19, 2026, 6:46 PM UTC
The filings cover perpetual futures tied to individual US stocks, while Coinbase and Kraken parent-company Payward also submitted similar proposals. [1][2][3]
References for this detail (3)
- Kalshi Files to Bring Perpetual Futures to US Stockscointelegraph.com · Sep 19, 2026, 6:46 PM UTC
- Coinbase Files to List Single-Stock Perps on Apple, Tesla and Nvidiafinance.yahoo.com · Sep 20, 2026, 4:16 AM UTC
- Coinbase Seeks Approval to List Perpetual Futures Tied to U.S. Stocksfinance.yahoo.com · Sep 20, 2026, 12:31 AM UTC
Explore the reporting
3 source links · 2 domains
These counts describe the references, not independent confirmations. Different outlets can repeat the same original report.
Publication timeline
Oldest to newest among the references used here. These are publication times, not a chronology of the incident. A later article may repeat earlier information.
- [1] Kalshi Files to Bring Perpetual Futures to US Stockscointelegraph.comReferenced for: detail 1, detail 2, detail 3
- [3] Coinbase Seeks Approval to List Perpetual Futures Tied to U.S. Stocksfinance.yahoo.comReferenced for: detail 3
- [2] Coinbase Files to List Single-Stock Perps on Apple, Tesla and Nvidiafinance.yahoo.comReferenced for: detail 3
Still unclear
Whether US regulators will approve the proposals.
Which individual stocks would be offered and under what trading limits.
Market implications
Market impact
Sources (3)
References for the reported details. Separate links do not necessarily mean independent confirmation.
Available excerpt
Kalshi has filed to offer perpetual futures tied to individual US stocks, joining Coinbase in a push to bring crypto-style derivatives to traditional equity markets.…A short excerpt from our source record; open the original for the full article.
AI-assisted analysis · Sep 20, 2026, 4:26 AM UTC. Based on linked headlines and available excerpts. Methodology · Report an error.