Kalshi Opens Single-Stock Perpetual Futures Trading for Apple, Amazon, and Others

TechFlow news: On November 5, according to The Defiant, Kalshi has launched perpetual futures trading on individual stocks, with Apple, Amazon, and AMD contracts trading on November 5. Eligible U.S. users, once approved, can use leverage to go long or short without holding the underlying shares or rolling over positions.

According to Kalshi market data, as of 23:05 Beijing Time, estimated leverage for Apple and Amazon contracts was about 4.96x each, and about 3.36x for AMD; the Apple contract's nominal trading volume over the previous 24 hours was about $4.61 million. Leverage levels vary with the stock and position size.

The relevant regulatory approval is facing legal challenges. A U.S. federal judge previously denied an emergency request to block the approval, but preliminarily found that the challengers' claim that the U.S. Commodity Futures Trading Commission lacks authority to approve single-stock perpetual futures as securities futures products may prevail; this finding is not a final ruling.

Source: TechFlow