According to people familiar with the matter, the prediction market platform Kalshi plans to apply for regulatory approval to launch the first batch of regulated individual perpetual futures in the US. The linked targets include Tesla, Apple, and Nvidia. These products, known as perpetual contracts, allow traders to trade around the clock, and can also be leveraged to amplify potential gains and losses; the lack of an expiration date further amplifies risk. Earlier this year, the Middle East conflict broke out, and perpetual contracts linked to crude oil on the decentralized crypto exchange Hyperliquid ushered in a wave of transactions. This type of betting transaction attracted attention. The platform is registered in Singapore. According to regulations, it should not provide services to US residents, but users will bypass its geofencing restrictions to trade. The launch of individual stock perpetual contracts is part of competition among Wall Street's new generation of emerging platforms: various institutions compete to provide investors with a variety of novel trading products, while critics say that some products are risky and have a high threshold of understanding. According to a person familiar with the matter, Kalshi plans to launch about 60 perpetual contracts linking popular exchange-traded funds and individual shares of listed companies with a market capitalization of at least $100 billion.

According to people familiar with the matter, the prediction market platform Kalshi plans to apply for regulatory approval to launch the first batch of regulated individual perpetual futures in the US. The linked targets include Tesla, Apple, and Nvidia. These products, known as perpetual contracts, allow traders to trade around the clock, and can also be leveraged to amplify potential gains and losses; the lack of an expiration date further amplifies risk. Earlier this year, the Middle East conflict broke out, and perpetual contracts linked to crude oil on the decentralized crypto exchange Hyperliquid ushered in a wave of transactions. This type of betting transaction attracted attention. The platform is registered in Singapore. According to regulations, it should not provide services to US residents, but users will bypass its geofencing restrictions to trade. The launch of individual stock perpetual contracts is part of competition among Wall Street's new generation of emerging platforms: various institutions compete to provide investors with a variety of novel trading products, while critics say that some products are risky and have a high threshold of understanding. According to a person familiar with the matter, Kalshi plans to launch about 60 perpetual contracts linking popular exchange-traded funds and individual shares of listed companies with a market capitalization of at least $100 billion.