Kalshi moved fast this time—12 altcoin perpetual futures were directly packaged into applications, and the CFTC’s case-by-case review is expected to keep them busy for a while.

According to Decrypt, following the U.S. Commodity Futures Trading Commission (CFTC) approval of Bitcoin perpetual futures (BTCPERP) last Friday, the prediction market platform Kalshi acted quickly on Monday, June 1st, submitting an application to the CFTC to launch 12 mainstream altcoin perpetual futures derivatives through a self-certification process. The list of altcoins includes ETH, XRP, SOL, DOGE, XLM, LINK, BCH, LTC, SUI, SHIB, DOT, and HBAR. Since the CFTC previously stated that it would review perpetual futures other than Bitcoin on a case-by-case basis, these derivatives have not yet received final approval.