Kalshi to seek US approval for single-stock perpetual futures

Kalshi plans to seek US regulatory approval to offer single-stock perpetual futures, the Wall Street Journal reported, citing sources. The prediction-market platform's move follows Coinbase filing similar regulatory paperwork last week. Perpetual futures, a leveraged derivative without an expiry date, have grown in popularity, and the report frames them as a risky trade type that has expanded quickly. The report does not name the regulator Kalshi would approach, specify a filing date, or state the scope of products it would offer. No approval has been granted, and the plan remains a reported intention rather than a filed or authorized product.