Kalshi Seeks CFTC Approval for Oil Perpetual Futures Contract

Kalshi, a US-based derivatives exchange, plans to seek approval from the Commodity Futures Trading Commission (CFTC) for a perpetual futures contract linked to West Texas Intermediate crude oil. The proposed product would trade continuously from Monday through Friday and have no fixed expiration date.

The perpetual contract would allow traders to hold positions indefinitely, provided they maintain sufficient collateral and meet other requirements. Kalshi has not disclosed how its WTI product would remain aligned with the underlying oil benchmark.

This move comes as Kalshi already lists a CFTC-approved Bitcoin perpetual contract that began trading in June 2026. If approved, the WTI perpetual futures contract would be the first of its kind on a regulated US exchange.