Kalshi Seeks Approval for First U.S. Perpetual Oil Futures Contract
- Kalshi plans to apply to the CFTC next week for a perpetual futures contract tied to West Texas Intermediate (WTI) oil.
- If approved, this would be the first perpetual oil future traded on a regulated U.S. platform.
- The contract is designed to be available for trading 24 hours a day, five days a week, with no expiration date.
- Perpetual contracts allow traders to increase leverage and have gained popularity in cryptocurrency markets.
- CME has publicly disputed Kalshi’s move, previously attempting to introduce continuous trading in oil futures.
Kalshi’s proposal represents a significant shift in energy trading by introducing perpetual contracts similar to those popular in cryptocurrency. The outcome of this application could influence the broader market dynamics and regulatory landscape for derivatives trading.
With plans for round-the-clock trading, Kalshi aims to address regulatory concerns while offering innovative financial products like its proposed WTI oil contract. (Source)
