Kalshi seeks CFTC approval for WTI crude perpetual futures: Report
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Prediction market operator Kalshi plans to seek Commodity Futures Trading Commission (CFTC) approval for a West Texas Intermediate (WTI) crude oil perpetual futures contract that has no expiration date. The contract, which could be filed as early as next week, would trade 24 hours a day, five days a week and, if approved, would be the first oil-linked perpetual futures product on a regulated US platform. Kalshi has not yet commented on the filing.
Why it matters
The introduction of perpetual futures for crude oil on a regulated US platform would represent a novel product type, potentially expanding trading options for energy commodities. The source does not explicitly discuss broader market or industry implications beyond noting regulatory scrutiny and Kalshi’s ongoing jurisdictional challenges.
Key context
Perpetual futures, or “perps,” allow traders to maintain positions indefinitely without rolling over contracts. The CFTC recently solicited public comments on extending standard futures trading hours and permitting perpetual contracts linked to physically delivered energy commodities like crude oil. Previous attempts by other entities to introduce 24/7 crude oil futures were halted by the CFTC pending legal review.
Key numbers and entities
Kalshi (prediction market operator), Commodity Futures Trading Commission (CFTC), Bloomberg, Reuters, CME Group, Ondo Finance, Michigan state court, New Jersey state, US Supreme Court. No specific numeric figures related to trading volumes or contract size are provided.
What remains unclear
Details about the exact features of Kalshi’s proposed contract, including fees or margin requirements, are not given. The source does not confirm whether Kalshi’s filing has been officially submitted or how regulators will respond. The broader market impact or user adoption prospects remain unspecified.