US Judge Allows Stock Perpetual Futures to Continue Trading, Questions CFTC Authority
Current overview (not historical)
U.S. District Judge Valerie Caproni denied an emergency injunction sought by the Capital Markets League Association, allowing stock perpetual futures to keep trading on Kalshi, Coinbase Derivatives, and Bitnomial while signaling that the CFTC likely exceeded its statutory authority in approving such contracts for retail investors. The judge indicated these contracts more closely resemble swaps regulated by the SEC rather than instruments within the CFTC's remit. The ruling does not end the case; the CFTC must file its response by November 6.
Written with AI from the reporting · updated 11/5/2026
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- 1Unclassified fact stationNov 5, 06:19single sourcereport-time only
美法官拒绝叫停股票永续期货，认定CFTC可能越权
Read original source ↗ Bitcoin MagazineReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- CFTC
- Action：
- 拒绝临时禁令，认定其可能无权批准个股永续衍生品面向零售投资者
- Object：
- 资本市场联盟协会诉CFTC案
- Occurred (fact side)：
- not recorded
- Published (valid side)：
- Nov 5, 06:00
- First seen (known side)：
- Nov 5, 06:19
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- Bitcoin MagazineSelectedRelated fact: single sourceFact occurrence time unverifiedJudge Allows Stock Perpetual Futures to Keep Trading, Says CFTC Likely Overstepped Authority
Report first recorded Nov 5, 06:19
A U.S. federal judge denied an emergency request to halt stock perpetual futures on Kalshi, Coinbase Derivatives, and Bitnomial on Nov. 3, while signaling the CFTC likely exceeded its authority in approving the products. The judge said such contracts may fall under SEC jurisdiction as swaps rather than security futures. The case continues, with the CFTC’s response due Nov. 6.
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