OG.com Markets Seeks CFTC Approval for Single-Stock Perpetual Futures
The proposed cash-settled contracts would have no expiration date and trade 24 hours a day, five days a week.
OG.com Markets is seeking Commodity Futures Trading Commission approval for perpetual futures tied to individual U.S. stocks, adding to efforts to bring crypto-style derivatives into U.S. equity markets.
The proposed contracts would be cash-settled, have no expiration date and trade 24 hours a day, five days a week. Perpetual futures let traders maintain exposure without moving positions into new contracts on a fixed expiration schedule.
OG.com was recently spun out of Crypto.com as an independent prediction markets and derivatives platform valued at $5 billion. CEO Kris Marszalek previously said the platform planned to expand into futures and perpetual contracts.
Robinhood took an equity stake in OG.com under a multiyear agreement to use its CFTC-regulated derivatives exchange and clearinghouse for prediction markets.
The filing follows similar Sept. 18 submissions from Coinbase, Kraken parent Payward through its Bitnomial exchange and Kalshi. Each sought approval to offer perpetual futures tied to individual U.S. stocks.
The CFTC began reviewing perpetual contracts case by case in May. On May 29, it approved KalshiEX’s Bitcoin (BTC)-linked BTCPERP contract, establishing a regulatory path for at least one crypto perpetual futures product.
In June, the agency issued no-action relief allowing designated contract markets to convert certain existing perpetual-style digital commodity futures into contracts without expiration dates.
The CFTC’s approach does not provide blanket approval for every perpetual product. Contracts linked to other asset classes remain subject to individual review, including OG.com Markets’ proposed single-stock futures. The filing adds to the agency’s case-by-case framework for perpetual contracts.
