Finance25 September, 20262 min read
OG.com Seeks CFTC Approval For Perpetual Futures Tied To Individual Stocks
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OG.com files with the CFTC seeking approval for perpetual futures tied to individual stocks. Crypto.com-backed OG.com reportedly cleared by the SEC to offer single-stock futures.
6 outlets told this the same way.
OG.com files for perps
OG.com Markets has filed with the U.S. Commodity Futures Trading Commission (CFTC) seeking authorization to offer perpetual futures tied to individual stocks, as trading platforms push the derivative product into US equity markets.
OG.com proposed new rules to list cash-settled single-stock futures that never expire and can trade 24 hours a day, five days a week, in the Thursday filing with the CFTC.
OG.com was recently spun out of Crypto.com as an independent prediction markets and derivatives platform valued at $5 billion, and the platform’s CEO Kris Marszalek said it planned to expand beyond prediction markets into futures and perpetual contracts.
Robinhood took an equity stake in OG.com as part of a multi-year deal to use its CFTC-regulated derivatives exchange and clearinghouse for prediction markets, shortly after the spin-off.
The filings came after US regulators, including the Securities and Exchange Commission (SEC) and CFTC, pushed ahead with crypto initiatives despite the CLARITY Act failing to advance in the Senate on Sept. 15.
Regulatory groundwork and rivals
The CFTC had already begun laying the regulatory groundwork for perpetual futures months earlier, and in May the agency established a case-by-case review process for perpetual contracts and approved Kalshi’s Bitcoin perpetual futures product.
The CFTC followed in June with temporary relief allowing certain registered exchanges to convert existing crypto futures into contracts without expiration dates.
Coinbase, Kraken parent Payward through its Bitnomial exchange, and prediction market Kalshi all filed to offer perpetual futures tied to individual US stocks on Sept. 18.
Kris Marszalek said the platform was working with the securities regulator and the Commodity Futures Trading Commission (CFTC) to offer single-stock perps that combine the “innovations of the digital asset markets with the US capital markets.”
The SEC cleared limited onchain trading of tokenized US stocks under its Innovation Exemption just days after the vote, while the CFTC expanded regulatory relief for software providers connecting users to regulated derivatives platforms, including those offering perpetual contracts.
What approval would change
OG.com’s request places the platform alongside Coinbase, Kalshi, and Payward in seeking the regulator’s green light to bring perpetual contracts, popular among cryptocurrency traders, to specific stocks traded on U.S. exchanges. The product would allow traders to keep exposure open indefinitely, because perpetual futures have no expiration date, and the trader can maintain the position as long as the associated costs are covered, primarily the so-called funding rate. The filings also reflect a broader push to adapt crypto-native derivatives into a regulated U.S. equities framework, with the CFTC regulating commodities futures and, in some cases, financial instruments.
Kris Marszalek said the acknowledgement clears a significant regulatory hurdle for the platform, allowing it to list these products on the US market, after the SEC acknowledged OG.com’s 1-N filing. For OG.com, the path to launch hinges on the CFTC decision, because the regulator’s decision and the timelines it follows will determine whether these contracts reach the U.S. market in the short term or if the process stretches out.