Kalshi Seeks Approval for Oil-Linked Perpetual Futures on US Regulated Exchange
Kalshi, a New York-based prediction market operator, is preparing to ask US regulators for permission to list a perpetual futures contract tied to West Texas Intermediate (WTI) crude oil. This move would bring a trading structure born on offshore crypto exchanges into the heart of the American energy market.
According to Bloomberg, Kalshi could file its application with the Commodity Futures Trading Commission (CFTC) as soon as next week. The proposed contract would carry no expiration date and trade 24 hours a day from Monday through Friday, as reported by Reuters.
The CFTC approved Kalshi's Bitcoin perpetual contract on May 29 under Commission Regulation 40.3, establishing that the CFTC can treat a contract without an expiration date as a futures product under the Commodity Exchange Act.
However, the planned oil product would expand Kalshi's use of perpetual futures beyond cryptocurrency and compete with CME Group's dominant regulated US market for WTI futures.