AAPL perpetual futures log $4.61 million as Kalshi’s contracts face a legal challenge

Kalshi’s perpetual futures on AAPL, AMZN and AMD were trading on November 5, 2026, offering leveraged stock exposure without share ownership or an expiration date. The contracts were active two days after a federal judge declined to block their regulatory approvals—but found challengers likely to succeed in disputing the CFTC’s authority to approve them as security futures. Key takeaways Kalshi offers leveraged long and short exposure to three individual stocks. AAPL contracts recorded $4.61 million in 24-hour notional turnover. A federal court challenge contests the contracts’ regulatory classification.