Kalshi’s crypto perpetuals spark debate about whether they are futures or swaps
Latest developments: Kalshi’s launch of CFTC-regulated crypto-perpetuals has revived a long-running debate about definitions of financial markets. John Lothian and Kalshis Udesh Jha joined The Policy Protocol to debate this topic. John Lothian, publisher of John Lothian News, argued that perpetual contracts are similar to swaps because they involve recurring bilateral cash flow payments through […]
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