CFTC Clears Equity Perpetual Futures for US Exchanges Under Joint SEC Oversight

The Commodity Futures Trading Commission has approved equity perpetual futures on regulated U.S. exchanges, extending the non-expiring derivative structure to traditional equities and index funds. The contracts, deemed approved under Regulation 40.3 and existing security futures rules, will be subject to joint CFTC and SEC oversight. Filings include Kalshi's 58 contracts covering mega-cap stocks and funds tracking the S&P 500 and Nasdaq-100, offering up to 6x leverage with a 15.5% minimum initial margin. The initiative follows earlier approvals for Bitcoin perpetual futures and aims to repatriate activity from unregulated offshore venues.