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Capital Markets Alliance challenges CFTC authority over single-stock perpetual futures

The group filed a federal lawsuit on November 3 aiming to block the CFTC from authorizing perpetual futures contracts on individual company stocks, arguing the agency sidestepped Congress and the SEC's jurisdiction. A CFTC spokesperson called the lawsuit troubling interference with CFTC-regulated markets.

The Capital Markets Alliance, backed by Cboe and Citadel, has taken the CFTC to federal court over its authority to authorize perpetual futures tied to individual company stocks, according to Reuters reporting published Nov 5, 2026, at 6:30 AM ET.

The group filed its lawsuit on November 3, seeking to prevent the agency from authorizing those contracts. The challenge targets the CFTC’s regulatory authority, rather than the performance of any underlying stock.

A dispute over regulatory jurisdiction

The Capital Markets Alliance argues that the CFTC bypassed Congress and encroached on the SEC’s jurisdiction. Those claims put the division of regulatory responsibility at the center of the lawsuit.

A CFTC spokesperson pushed back, describing the litigation as troubling interference with markets regulated by the agency, according to Reuters. The supplied reporting does not identify a court decision or a timetable for resolving the challenge.

What it means for prediction markets

  • For markets tracking authorization of single-stock perpetual futures, the lawsuit adds a legal obstacle to monitor. Its filing does not establish that authorization has been blocked.
  • The distinction between an agency authorization and a court ruling matters for contracts tied to regulatory outcomes. The reported facts establish a challenge to CFTC authority, not its resolution.
CongressSECCFTCInfiniti MarketsInfiniti Signals

Sources & attribution

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    Reutersreuters.com
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    https://www.reuters.com
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