Kalshi Pursues Regulated WTI Perpetual Futures Approval

Kalshi, a prediction-market operator, is expanding its services beyond event contracts with plans to seek approval from the U.S. Commodity Futures Trading Commission (CFTC) for a perpetual futures contract tied to West Texas Intermediate (WTI) crude oil.

The proposed product would allow traders to maintain positions without traditional expiration and rollover requirements, trading 24 hours a day, five days a week, with leveraged exposure to movements in crude oil prices.

Kalshi already has experience offering WTI-related event contracts, but the perpetual product would represent a significant evolution from those binary-style contracts toward a more conventional continuous trading instrument.