CFTC Approves Kalshi Bitcoin Perpetual Futures Listing in First for US Exchange

US regulators have approved the listing of a Bitcoin perpetual futures contract on Kalshi, the prediction-market platform.

CoinDesk reported on May 29 that the Commodity Futures Trading Commission approved Kalshi to list and trade the Bitcoin perpetual futures contract BTCPERP. The approval is conditional on the product complying with the Commodity Exchange Act and related rules.

The decision shows Kalshi is evolving from a leader in prediction markets into a next-generation derivatives exchange, Chief Executive Officer Tarek Mansour said. Regulated perpetual futures in the US will improve capital allocation and risk management for American companies, he added.

It is the first time the CFTC has approved cryptocurrency perpetual futures trading on a US exchange. The agency also sent Coinbase a no-action letter on May 29 allowing it to list a Bitcoin perpetual futures contract. A no-action letter is an informal form of regulatory guidance issued by the CFTC.