Cc9f267dcClaimThe Commodity Futures Trading Commission approved Kalshi's Bitcoin BTCPERP contract on May 29, 2026, marking the first approval of perpetual futures on a regulated U.S. exchangeAgreeDisagree
Cc9f267dcClaimPerpetual futures rely on periodic funding payments between long and short traders to keep contract prices aligned with spot market prices, alongside margin requirements that trigger automatic liquidation if thresholds are breachedAgreeDisagree
Cc9f267dcClaimThe Commodity Futures Trading Commission cleared perpetual futures contracts earlier in 2026 for both Coinbase and Kalshi, allowing Webull to plug into Kalshi's approved venue without seeking its own regulatory approvalAgreeDisagree
Cc9f267dcClaimWebull announced on October 20, 2026, that it will launch Bitcoin and selected crypto perpetual futures to eligible U.S. customers in November 2026AgreeDisagree
Cc9f267dcClaimOn September 25, 2026, the U.S. Court of Appeals for the Sixth Circuit ruled in KalshiEx LLC v. Schuler that sports event contracts are not swaps under federal law and that the Commodity Exchange Act does not preempt Ohio sports gaming lawsAgreeDisagree
Cc9f267dcClaimOn October 9, 2026, the CFTC issued an interim final rule excluding casino-style gambling from the federal definition of swap while publishing a proposed rule explicitly incorporating event contractsAgreeDisagree
Cc9f267dcClaimUnder the Webull-Kalshi partnership, Webull provides the distribution and customer base while prediction-market operator Kalshi acts as wholesale infrastructure by supplying the Commodity Futures Trading Commission-regulated venueAgreeDisagree
Cc9f267dcClaimThe Ohio Casino Control Commission warned prediction market operators that non-compliance could result in civil financial penalties equaling Ohio-generated revenue, as well as state criminal penalties for unlicensed bookmakingAgreeDisagree
Cc9f267dcClaimPolymarket US seeks declaratory relief stating Ohio's gambling laws are unconstitutional and preempted, alongside preliminary and permanent injunctions against Ohio officialsAgreeDisagree
Cc9f267dcClaimPolymarket US, operating through CFTC-registered QCX LLC, filed a federal lawsuit in the U.S. District Court for the Southern District of Ohio on October 16, 2026, against Interim Attorney General Andy Wilson and the Ohio Casino Control CommissionAgreeDisagree
Cc9f267dcClaimCommodity Futures Trading Commission staff permitted Coinbase to route U.S. clients to perpetual futures listed on Coinbase's offshore affiliate DeribitAgreeDisagree
Cc9f267dcClaimOn October 2, 2026, the Ohio Casino Control Commission sent cease-and-desist letters to 10 prediction market operators demanding they halt unlicensed sports event contracts and provide written compliance confirmation by October 16, 2026AgreeDisagree
Cc9f267dcClaimPolymarket US argues under the Dormant Commerce Clause that Ohio's licensing rules unconstitutionally favor in-state physical footprints and restrict market operations to Ohio residentsAgreeDisagree
Cc9f267dcClaimWebull plans to make crypto perpetual futures available to its broader base of over 6 million clients and expand its product menu beyond cryptocurrency subject to regulatory reviewAgreeDisagree
Cc9f267dcClaimPolymarket US argues in its complaint that the CFTC's October 9, 2026 regulatory actions—an interim final rule and a proposed rule—altered the legal landscape established by the Sixth Circuit's September 25 ruling against KalshiAgreeDisagree
Cc9f267dcClaimPerpetual futures differ from traditional futures because they have no expiry date, allowing traders to hold positions indefinitely without rolling over contractsAgreeDisagree
Cc9f267dcClaimGlobal perpetual futures volume topped $90 trillion in 2025, according to statements by Webull US CEO Anthony DenierAgreeDisagree
Cc9f267dcClaimAs of October 21, 2026, an Ohio Casino Control Commission spokesperson stated that one notified prediction market operator confirmed compliance while two operators filed lawsuits against the stateAgreeDisagree
Cc9f267dcClaimCME filed a lawsuit against the CFTC on June 18, 2026, arguing that perpetual contracts without expiry dates must legally be classified as swaps rather than futuresAgreeDisagree
Cc9f267dcClaimThe Commodity Futures Trading Commission responded in court on October 16, 2026, asking to reject CME's lawsuit filed on June 18, on the grounds that CME failed to demonstrate imminent competitive harmAgreeDisagree