Key Highlights
- Crypto.com progresses toward introducing single-stock futures contracts to American traders via OG.com.
- The Securities and Exchange Commission confirmed receipt of Nadex’s Form 1-N submission dated September 16.
- CEO Kris Marszalek confirmed ongoing discussions with SEC and CFTC regarding the new product line.
- Competing platforms Kalshi and Coinbase pursue authorization for comparable equity-linked derivatives offerings.
- Robinhood strengthened its collaboration with Crypto.com and OG.com amid expanding prediction market operations.
Crypto.com continues advancing its strategy to introduce single-stock futures contracts to American customers. The Securities and Exchange Commission confirmed receipt of a Form 1-N submission filed by the North American Derivatives Exchange, known as Nadex. According to CEO Kris Marszalek, this registration milestone enables the firm to develop these financial instruments through its OG.com platform.
Single-stock futures provide traders with price exposure to individual corporate equities through derivative contracts. These instruments allow market participants to speculate on stock movements without purchasing actual shares. The SEC documentation, bearing a September 16 date, indicates Nadex submitted its application pursuant to Section 6(g) of the Securities Exchange Act of 1934.
Regulatory Filing Creates Pathway for Launch
The submission registers Nadex as a national securities exchange specifically for security futures offerings. The documentation provides no specific timeline for launching individual stock contracts. Marszalek confirmed the organization maintains active coordination with both the SEC and CFTC regarding its American market entry.
Crypto.com intends to introduce single-stock perpetual futures as well. These instruments differ by having no predetermined expiration timeline. The company has yet to disclose which corporate securities will be available for trading or specify a launch window. OG.com functions as an independent prediction market venue operating under Commodity Futures Trading Commission jurisdiction.
Competing Platforms Seek Authorization
Kalshi pursues American regulatory clearance for equity-linked perpetual futures contracts. The platform aims to launch approximately 60 derivative products connected to prominent stocks and exchange-traded funds. Media reports indicate Tesla, Apple, and Nvidia among the potential underlying assets. The proposed contracts would concentrate on corporations with market capitalizations exceeding $100 billion.
Coverage detailed Kalshi’s proposal for 60 stock perpetual futures along with its regulatory approval process. The marketplace requires authorization before activating these trading products. Coinbase has similarly submitted notice registration documentation with the SEC. The cryptocurrency exchange coordinates with both federal agencies regarding its domestic single-stock perpetual futures initiative. This effort adds another regulated entity pursuing expanded access to equity derivative instruments.
Robinhood Strengthens OG.com Alliance
The regulatory developments follow an expanded partnership connecting Robinhood, Crypto.com, and OG.com. Robinhood began directing certain football event contracts to OG.com on September 8 as part of its expanding prediction market operations.
Robinhood committed to acquiring equity positions in both Crypto.com and OG.com following OG.com’s transition to an independent trading venue. The investment terms will reflect valuations consistent with Citadel Securities’ recent commitment to Crypto.com Group at a $20 billion enterprise value. This arrangement connects Robinhood with OG.com’s CFTC-regulated exchange and clearing systems. Federal regulators maintain ongoing evaluation of the proposed futures offerings.
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