Kalshi Seeks Approval for Crude Oil Perpetual Futures in US Market

Kalshi is seeking US regulatory approval for a perpetual West Texas Intermediate crude oil futures contract, marking its push into traditional financial markets. The company plans to submit a filing to the Commodity Futures Trading Commission (CFTC) as soon as next week, aiming to offer the WTI contract five days a week around the clock.

If approved, it would be the first oil-linked perpetual futures product available on a regulated US platform. Kalshi has been expanding its business beyond event contracts by offering perpetual futures products tied to various assets, including equity indexes and metals.

The proposed crude contract addresses issues identified by the CFTC during its review of 24/7 futures trading and perpetual energy contracts. The agency recently considered rules allowing around-the-clock trading of standard futures and perpetual contracts tied to physically delivered or storable energy commodities.