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00:02CalSheet plans to seek regulatory approval to offer the first regulated U.S. perpetual futures
00:08tied to individual stocks, including Tesla, Apple, and NVIDIA, according to the Wall Street Journal.
00:15The prediction markets platform plans to offer about 60 contracts linked to popular ETFs
00:20and companies valued at $100 billion or more. Perpetual futures allow around-the-clock trading,
00:26leverage, and have no expiration date, which can amplify gains and losses.
00:31Coinbase has also filed paperwork that could support single-stock perps.
00:35CalSheet and Coinbase received approval in May for U.S. perpetual futures tied to cryptocurrencies,
00:41while CalSheet launched gold and silver perps Thursday.
00:44Single-stock perpetual futures would require approval from both the SEC and CFTC.
00:50For all things money, visit Benzinga.com.
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