SEC Opposes Suspending Individual-Stock Perpetual Contract Trading
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On November 12, 2026, the SEC filed an opinion with the court supporting the CFTC’s opposition to suspending the trading of individual-stock perpetual contracts offered by platforms such as Kalshi. The SEC stated that it has the authority to decide whether to overturn the exchange rules of Kalshi, Coinbase, and Bitnomial, and must make a decision by December 31, 2026; however, in this opinion, the SEC did not indicate its position on the relevant rules, nor did it determine whether individual-stock perpetual contracts are legal. This statement concerns whether trading should be suspended and the SEC’s authority to conduct subsequent reviews, and does not constitute a conclusion on the legality of the products.
AI-written from reports · updated 1 hour ago
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- Ledger InsightsSEC asks court not to halt Kalshi’s individual-stock perpetual contracts but takes no position on their legality
The SEC filed an opinion with the court supporting the CFTC’s opposition to halting individual-stock perpetual contracts on platforms including Kalshi, but did not assess whether they are legal. The SEC said it has the authority to decide whether to overturn the exchange rules of Kalshi, Coinbase, and Bitnomial, and must make a decision by December 31, but did not disclose its position.
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