SEC Supports CFTC in Lawsuit Over Stock Perpetual Contracts
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On November 12, 2026, Finance Magnates reported that the SEC supported the CFTC in the U.S. lawsuit over stock perpetual contracts, urging the court not to block trading in the relevant contracts, but did not indicate whether these contracts should be classified as futures or swaps; their regulatory characterization remains undetermined. The judge initially found that the plaintiffs might prove that the CFTC lacked authorization, but declined to issue a temporary restraining order. Meanwhile, Kalshi has offered related contracts on approximately 50 U.S. stocks and ETFs; Cboe said that the 24-hour notional trading volume on the second day of trading was approximately $375 million.
AI-written from reports · updated 2 hours ago
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- Finance MagnatesSEC supports CFTC in lawsuit over U.S. stock perpetual contracts, regulatory classification remains undecided
SEC supported CFTC in a lawsuit over U.S. stock perpetual contracts, urging the court not to block trading in the contracts, but did not take a position on whether they are futures or swaps. The judge preliminarily found that the plaintiffs might prove CFTC lacked the authority, but declined to issue a temporary restraining order. Kalshi has offered contracts on around 50 U.S. stocks and ETFs, while Cboe said 24-hour notional trading volume on the second day was approximately $375 million.
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