SEC Publishes New Kalshi Security-Futures Filing as Perpetual Contracts Advance

TL;DR: The SEC published a November 6 notice on a KalshiEX rule change concerning listing standards for perpetual security-futures products. The filing takes effect under the exchange’s applicable self-regulatory process, with public comments invited; it should not be confused with approval of every future contract that a venue might want to list. Kalshi’s expansion into security futures is now producing a steady stream of regulatory filings, rather than only statements about what the market might become. On November 6, the Securities and Exchange Commission posted notice of another change to the exchange’s listing standards. The SEC’s KalshiEX rulemaking page identifies the filing as SR-KALSHIEX-2026-03, release 34-106841. It is described as a notice of filing and immediate effectiveness of a proposed rule change relating to security-futures listing standards, with a comment period tied to publication in the Federal Register. What the new filing covers The document concerns the standards applicable to underlying securities for perpetual security-futures contracts listed on Kalshi. The exchange is seeking to reduce the time required to bring products on certain newly public securit...