Kalshi seeks CFTC approval for perpetual WTI crude oil futures
- Kalshi plans to file for a West Texas Intermediate (WTI) crude oil perpetual futures contract with the CFTC as early as next week.
- If approved, this would be the first oil-linked perpetual futures product on a regulated US platform.
- The contract aims to trade continuously, five days a week, allowing indefinite position maintenance without expiration.
- In July, the CFTC halted a similar listing from CME Group while reviewing compliance with federal commodities law.
- A Michigan court recently issued an injunction against Kalshi’s sports-related event contracts, highlighting ongoing regulatory challenges.
Kalshi’s initiative comes amid discussions by the CFTC about extending trading hours for standard futures and allowing perpetual contracts linked to energy commodities like crude oil. The outcome of these regulatory efforts could significantly impact trading dynamics in the energy sector.
The proposed WTI crude oil perpetual futures contract represents a notable development in derivatives trading, especially if it gains approval from the CFTC next week. This could reshape how traders engage with energy markets.(Source)
