OG.com seeks CFTC approval for single-stock perpetual futures

Summary

OG.com Markets is seeking CFTC approval to list cash-settled perpetual futures tied to individual U.S. stocks. The proposed contracts would have no expiration date and could trade 24/5. The move comes after OG.com spun out of Crypto.com as an independent prediction markets and derivatives platform valued at $5 billion, with plans to expand into futures and perpetuals. Robinhood also recently took an equity stake in OG.com through a deal to use its CFTC-regulated exchange and clearinghouse. The filing is part of a broader push by crypto exchanges and prediction markets to bring perpetual futures to U.S. equities. Coinbase, Bitnomial, and Kalshi have all filed similar proposals. The regulatory backdrop has become more favorable after recent SEC and CFTC actions, including new relief for tokenized stock trading and perpetual-contract-related activity.