Kalshi’s latest move directly packaged mainstream crypto assets onto the derivatives shelf, and the threshold for CFTC case review is expected to keep many projects out—once again forcing a reshuffle of the compliance track.

Kalshi has submitted self-certification and plans to launch derivatives linked to Ethereum, XRP, Solana, Dogecoin, Stellar, Chainlink, Bitcoin Cash, Litecoin, Sui, Shiba Inu, Polkadot, and Hedera. The CFTC approved Bitcoin perpetual futures last week; other assets will be reviewed on a case-by-case basis, and such derivative designs may not be suitable for all asset classes, so they are still under review.