US Regulators Approve Kalshi's Bitcoin Perpetual Futures Contract

The US Commodity Futures Trading Commission (CFTC) has given the green light to the BTCPERP Contract, a new bitcoin perpetual futures product from KalshiEX. The contract will allow users to bet on the future price of Bitcoin without actually owning it.

The approval was issued under Section 5c(c)(4) of the Commodity Exchange Act and requires Kalshi to ensure ongoing compliance with all regulations governing the listing and operation of the contract.

Regulators have also highlighted that perpetual contracts, like the BTCPERP Contract, may not be suitable for every asset class. The CFTC will conduct an assessment of future listings of perpetual derivatives to determine their feasibility in various markets.