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Kalshi seeks CFTC approval for perpetual futures on US500 and copper

The filings outline perps linked to the MerQube US Large Cap Index and a copper spot contract, quoted in US dollars per pound with a Pyth Network price feed.

Reported · Written up by our desk · Market Structure

Kalshi has filed with the Commodity Futures Trading Commission to launch perpetual futures tied to equity indexes and the industrial metal copper, as it continues expanding from prediction markets into exchange-style products, according to The Block. In the Tuesday filing, Kalshi said it intends to offer the "US500 Contract," designed to track the MerQube US Large Cap Index, an index meant to gauge performance of the 500 largest US-listed and US-based companies. Kalshi also filed to offer a perpetual contract on copper. The "COPPERPERP Contract" would be a perpetual futures instrument referencing the spot price of copper, quoted in US dollars per pound, and referencing the Pyth Network XCU-USD price feed. Perpetuals, or perps, are futures contracts without a fixed expiration, allowing traders to bet on price movement without directly owning the underlying assets. The Block notes the latest submissions build on the CFTC’s prior decision to greenlight a Kalshi perpetual contract tied to bitcoin’s price in late May, and also comes after a June court action by CME Group challenging the agency’s approval of Kalshi and Coinbase perpetual futures.

Latest closeCopper $6.606 ▲0.2%|Bitcoin $64,269.36 ▼0.4%

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