BlockBeats News, May 29th, the U.S. Commodity Futures Trading Commission (CFTC) announced the approval of the KalshiEX BTCPERP contract. The product is a perpetual contract with the Bitcoin spot price as the reference underlying, classified as a futures contract. Kalshi submitted the application to the CFTC on May 29th in accordance with regulatory rules.

The CFTC stated that after review, the BTCPERP contract was found to comply with the Commodity Exchange Act and relevant regulatory requirements, including the core principles applicable to Designated Contract Markets (DCMs). The CFTC also noted that perpetual contracts are not necessarily suitable for all asset classes and encouraged market participants to communicate with regulatory agencies regarding perpetual contract products for other assets and to apply for listing through the formal approval process.