The CFTC approved KalshiEX's BTCPERP contract on May 29, one day after Kalshi submitted it under Regulation 40. 3. The contract references spot Bitcoin, carries no expiry date, and perps generally allow leverage as high as 50-to-1, with automatic liquidation that can wipe out positions during sh...
Source: [CryptoSlate](https://cryptoslate.com/cme-lawsuit-challenges-whether-kalshis-bitcoin-leverage-push-can-become-an-everything-exchange/)