Kalshi seeks CFTC approval for WTI perpetual crude oil futures
Prediction market operator Kalshi plans to file a West Texas Intermediate crude oil perpetual futures contract with the CFTC, aiming for the first such regulated product on a US platform.
Kalshi intends to seek regulatory approval from the Commodity Futures Trading Commission for a new West Texas Intermediate crude oil perpetual futures contract. A person familiar with the matter told Bloomberg that the filing could happen as soon as next week. The proposed product would trade 24 hours a day, five days a week. If approved by the CFTC, it would be the first oil-linked perpetual futures product to trade on a regulated US platform. Perpetual futures are derivatives without expiration dates, allowing traders to keep positions indefinitely without rolling over contracts. In June, the CFTC sought public comments on extending standard futures contracts to allow perpetual products linked to energy commodities. However, in July, the regulator halted a self-certified listing of a similar contract by CME Group pending a compliance review. On August 24, Ondo Finance submitted comments urging regulators to permit perpetual futures tied to stocks under existing security rules. Michigan authorities continue legal action against Kalshi, blocking the platform from offering event contracts to state residents due to concerns over unlicensed practices.
