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CFTC approves U.S. trading of equity perpetual futures, faces lawsuit same day
The CFTC announced that Americans can now trade equity perpetual futures on individual stocks, classifying them as security futures products under the Commodity Futures Modernization Act of 2000. Seven entities hold both CFTC contract market designation and SEC registration, including Cboe, CME, Coinbase, Kalshi, Bitnomial, Nadex and ICE Futures U.S., with five filing in September. Kalshi filed for 56‑58 names with a launch expected within days, and Coinbase filed to list perps on Apple, Tesla and Nvidia. Hours later, the Capital Markets Alliance sued in New York, naming Cboe, Citadel Securities and the Healthy Markets Association, and the CFTC called the suit “troubling.”