Six companies, including Coinbase and Kalshi, have submitted a court brief supporting the CFTC’s jurisdiction over single-stock perpetual contracts.
This is a lawsuit involving perpetual futures tied to a single stock. The materials indicate that a judge previously rejected related claims, and the six companies are now backing the CFTC’s authority in the form of a proposed amicus brief.
· The brief has only been proposed for filing; it is not yet clear whether the court will accept it.
· The central issue in the case is whether the CFTC has jurisdiction over single-stock perpetual contracts.
Do you think the judge will accept the brief?
This is a lawsuit involving perpetual futures tied to a single stock. The materials indicate that a judge previously rejected related claims, and the six companies are now backing the CFTC’s authority in the form of a proposed amicus brief.
· The brief has only been proposed for filing; it is not yet clear whether the court will accept it.
· The central issue in the case is whether the CFTC has jurisdiction over single-stock perpetual contracts.
Do you think the judge will accept the brief?
