On the 9th, six companies, including major U.S. cryptocurrency exchange Coinbase and prediction market platform Kalshi, filed a motion in a New York federal court seeking permission to submit an amicus brief in support of the Commodity Futures Trading Commission's (CFTC) approval of perpetual futures on individual stocks. This filing is part of ongoing litigation concerning the approval.
Regarding the approval, Coinbase, Kalshi, and Payward, the parent company of cryptocurrency exchange Kraken, are among the three companies that have...