Kalshi files for 12 altcoin perpetual futures, CFTC to review case-by-case

U.S. prediction market platform Kalshi has applied to the Commodity Futures Trading Commission (CFTC) to list futures products for 12 altcoins, including Ethereum, Solana, and XRP, following the approval of Bitcoin perpetual futures. However, it is expected to take some time before trading can begin. The CFTC has clarified that, unlike Bitcoin, perpetual futures for other assets will be reviewed individually based on their specific characteristics. The agency warned that the perpetual futures structure may not be suitable for certain altcoins, citing concerns over thin liquidity and high volatility. The industry is now watching to see if this mass filing will pave the way for regulated altcoin derivatives in the U.S.