Kalshi Opens Single-Stock Perpetual Futures Trading

Kalshi launched single-stock perpetual futures on Apple and Amazon, with estimated leverage of roughly five times on the new contracts. The move expands the CFTC-regulated prediction market into leveraged equity derivatives, pitting it against offshore perpetual venues and traditional futures exchanges. A pending court challenge threatens the regulatory basis for stock perpetuals, leaving the product's legal footing uncertain. Traders will watch whether volume builds in the AAPL and AMZN contracts and how the litigation over the regulatory classification of stock perps resolves.