Kalshi, Coinbase stock perps under threat ahead of CFTC deadline
Kalshi and Coinbase stock perpetuals face a legal challenge, with a federal judge leaning toward ruling that the CFTC lacks authority to offer perpetual derivatives on individual stocks to retail investors. A trade group including CBOE and Citadel Securities sued the CFTC, and the regulator faces a deadline to respond. Traders in these products should watch the outcome closely.