Coinbase, Kalshi back CFTC in stock perpetual futures lawsuit
In short
Coinbase, Kalshi and four other companies have joined a lawsuit backing the CFTC.
The case is about whether US exchanges can list perpetual futures tied to individual stocks, which could affect how these products are offered.
What the reporting says
Coinbase, Kalshi and four other companies joined a lawsuit backing the CFTC over whether US exchanges can list perpetual futures tied to individual stocks. The case centers on the regulator's position in the dispute over these products. The filing could affect how exchanges approach stock-linked perpetual futures in the US.
Why it matters
Coinbase, Kalshi and four other companies backed the CFTC in a lawsuit over whether US exchanges can list perpetual futures tied to individual stocks. The case concerns the regulatory status of these products and could shape what exchanges are allowed to offer in the US.