Kalshi Proposes Perpetual Stock Futures to SEC

Kalshi has filed a rule change with the SEC to introduce perpetual security futures (Perpetual SFPs) for single stocks. The product uses a daily funding rate to align with spot prices and requires strict listing criteria, including a minimum $100 billion market cap for underlying assets. The proposal is slated for a November 2, 2026, effective date, pending CFTC approval.