Kalshi Seeks Approval for Tesla, Nvidia Stock Perps
Kalshi, the US prediction-market platform, wants regulators to greenlight roughly 60 stock and ETF perpetual contracts, including Tesla and Nvidia. If approved, everyday traders could hold leveraged stock exposure any hour, any day, a shift that matters for anyone who uses a crypto-linked wallet or app to trade.
What actually happened
Kalshi plans to file for US approval of about 60 stock and ETF perpetual contracts, according to CoinDesk. The list includes contracts tied to Tesla and Nvidia shares. Perpetual contracts, or perps, are leveraged derivatives with no expiry date, already among the most traded products in crypto. Kalshi's filing would extend that structure to individual stocks, allowing trading 24 hours a day, seven days a week. CoinDesk reports the move sits inside a broader fight over which US regulator should oversee these instruments. No agency names or approval timeline were given in the report.
How we got here
Perpetual futures began in crypto markets, where traders speculate on price moves without owning the underlying asset. They grew into one of the sector's largest trading categories, drawing heavy volume from both retail and institutional traders. Kalshi built its business on event-based prediction markets, not stock trading. Extending perpetual contracts to Tesla and Nvidia would push Kalshi into mainstream equities, competing directly with brokers and exchanges that only operate during fixed market hours each trading day.
Why this matters for you
For everyday wallet users, approval could mean accessing Tesla and Nvidia price exposure directly through crypto-style apps, at any hour, including weekends. For builders in the bonuz ecosystem and similar platforms, it shows that perpetual-contract technology built for crypto can extend into equities, opening a new product category for wallets and trading apps. Leverage still carries risk. Round-the-clock access does not remove that risk, and users should treat these products the same way they treat any leveraged crypto position.
The bigger question
Who should regulate a stock perpetual contract that trades nonstop, outside normal exchange hours? The answer could decide whether products like Kalshi's Tesla and Nvidia perps reach everyday wallet users quickly, or get stuck for years in disputes between regulators applying different investor protection rules to the same instrument. That outcome may also guide how other crypto-style derivatives enter equities markets elsewhere.
What to watch
No approval date has been set. Watch for Kalshi's formal filings and any public statement from US regulators. Bonuz.market users tracking crypto-linked trading products should note this case, since its outcome may signal how soon similar stock perpetuals could appear inside wallet apps and other crypto platforms.
