US judge lets stock perpetual futures keep trading

A US judge has ruled that stock perpetual futures trading can keep going, according to WatcherGuru. The decision lets the contracts stay live rather than being pulled offline. Word landed in a terse alert from the outlet, with no further detail on the courtroom, the parties or the terms attached.

Perpetual futures are contracts that never expire. Instead of a settlement date, they lean on a funding rate that nudges the price toward spot. Crypto traders have lived on them for years; the idea of strapping that structure to equities is far newer, and legally murkier.

That murk is why the ruling matters. Someone wanted stock perps shut down or paused, and the judge declined to do it. For now, the products survive — a rare bit of clarity in a corner of trading that regulators have barely figured out how to classify.

What comes next isn't spelled out in the ruling as reported. No named plaintiffs, no court, no reasoning, no timeline. The one thing that's clear: trading continues. Everyone else is reading the same two lines and guessing.