On November 10, 2026, Foresight News reported, citing The Block, that Coinbase, Kalshi, Payward (the parent company of Kraken), DRW Holdings, Jump Trading, and Paradigm had applied to a court for leave to file amicus curiae briefs. The briefs would support the U.S. Commodity Futures Trading Commission’s (CFTC) regulatory authority over single-stock perpetual futures.
The applications respond to a lawsuit by the Capital Markets Alliance challenging the CFTC’s approval of related products. Members of the alliance include Cboe and Citadel Securities. The Capital Markets Alliance contends that single-stock perpetual contracts should be classified as security-based swap products and therefore fall within the regulatory scope of the U.S. Securities and Exchange Commission (SEC).
This account follows the reporting as of November 10, 2026, and does not address any later filings or rulings.
Original article: Foresight News