Key facts
- The Capital Markets Alliance, backed by Cboe and Citadel Securities, filed the suit in federal court.
- The group seeks to block the CFTC from authorizing perpetual futures on individual stocks.
- The CFTC said registered commodity markets could begin trading single-stock perps.
- The CFTC said the products let prediction market platforms move onto traditional Wall Street firms' territory.
The Capital Markets Alliance, an industry group backed by Cboe and Citadel Securities, filed a federal lawsuit aiming to block the US Commodity Futures Trading Commission from authorizing perpetual futures contracts on individual companies' stocks, according to a report published November 3, 2026.
The lawsuit follows the CFTC's announcement that properly registered commodity markets could begin trading in single-stock perps. The CFTC said the products allow new prediction market platforms to take another step onto traditional Wall Street firms' territory.
The report did not name the court, the defendants or the specific contracts at issue, and it did not state the CFTC's response to the filing.