CFTC Gains Support From Coinbase, Kalshi and Payward in Stock-Perps Lawsuit Fight

Coinbase, Kalshi and Payward, the parent company of Kraken, have backed the Commodity Futures Trading Commission in ongoing litigation over single-stock perpetual futures, according to reports from The Block and crypto.news. The three firms represent some of the largest platforms operating at the intersection of crypto trading, derivatives and prediction markets in the United States. Single-stock perpetual futures allow traders to gain leveraged, ongoing exposure to the price movement of an individual company's shares without an expiration date, a structure borrowed from crypto derivatives markets.