CFTC Approves Kalshi's S&P 500 Perpetual Futures
- —CFTC approved Kalshi to launch S&P 500 perpetual futures
- —Contract tracks MerQube US Large Cap Index with no expiration date
- —Kalshi already offers 19 crypto perps, including BTC, ETH and XRP
- —Product competes directly with CME and Cboe futures
Why it matters: Kalshi's move beyond crypto into traditional markets intensifies competition with CME and sets a precedent for index perpetual futures.
Source: CoinGape