Kalshi and Kraken's Bitnomial seek SEC approval for perpetual futures on US stocks

Prediction market Kalshi has filed for regulatory approval to launch perpetual futures tied to individual US stocks, following a similar move by Coinbase. Kraken's subsidiary, Bitnomial Exchange, has also applied to offer perpetual futures on assets including Tesla, Nvidia, Apple, Microsoft, and Amazon. These applications follow the stalling of the CLARITY Act in the Senate, with SEC Chair Paul Atkins pledging to provide regulatory clarity under existing authority. Meanwhile, industry leaders like Michael Saylor and T. Rowe Price's Blue Macellari emphasized the importance of widespread adoption and the role of Bitcoin in the context of currency devaluation.