Company Kalshi has filed an application with the U.S. Commodity Futures Trading Commission (CFTC) to launch perpetual futures tied to stock indices and copper.
According to the documents, the platform intends to offer its traders a "US500 contract," which will track the MerQube US Large Cap Index of 500 large U.S. companies. The notional value of a full contract equals the index value multiplied by $1, and the position accountability level is set at $25 million in market value.
Furthermore, the company wants to launch options tied to copper. The "COPPERPERP contract" will be a perpetual futures contract pegged to the spot price of copper in dollars per pound via the Pyth Network XCU/USD price feed. One full contract corresponds to 1,000 pounds of copper.
These are not Kalshi's first applications to launch perpetual futures. In May, the CFTC approved the platform's Bitcoin perpetual futures, and later the platform launched contracts on Ethereum and XRP.
The company's push to gradually transform from a prediction market into a financial exchange comes amid pressure from authorities in various countries and states. The Happy Coin News editorial reported that authorities in the city of Baltimore have filed a lawsuit against Kalshi and Polymarket over sports contracts.
end-content




