Kalshi Withdraws Application for PEPE Perpetual Futures Listing

The U.S. prediction market platform Kalshi withdrew its application for the listing of perpetual futures contracts linked to PEPE just two days after submitting it. The reason for the withdrawal has not been disclosed. KalshiEX submitted the PEPE perpetual futures contract KPEPEPERP to the Commodity Futures Trading Commission (CFTC), but withdrew the application on the 1st. KPEPEPERP is a cash-settled perpetual futures contract with no expiration, and it does not involve the delivery of actual PEPE tokens. The underlying asset of the contract is the kPEPE spot price, and CF Benchmark has been designated as the price index provider. Along with the PEPE perpetual futures application, Kalshi also applied for perpetual futures contracts related to Uniswap, which have been approved and listed on the Kalshi platform. In contrast, the PEPE-related contracts were not listed. Kalshi has already listed products related to Dogecoin (DOGE) and Shiba Inu (SHIB). Recently, the CFTC also approved Kalshi's S&P 500 index perpetual futures, allowing Kalshi to expand its offerings beyond digital assets and metals to include equity index products. The price of PEPE has fallen by more than 3% in the last 24 hours, trading at $0.00000435, while it has increased by more than 20% over the past month.

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