CFTC Approves First Regulated Bitcoin Perpetual Contract

The CFTC's approval of the first regulated Bitcoin perpetual contract in the US is seen as a major development in the evolution of US crypto regulation.

The move allows Kalshi to list its BTCPERP product, which will be traded under Section 5c(c)(4) of the Commodity Exchange Act. This marks a significant step in bringing perpetual crypto derivatives onto federally supervised trading venues.