Kalshi Files for CFTC Approval of 24/5 WTI Crude Oil Perpetual Futures

Kalshi is moving forward with its plan to file for approval from the Commodity Futures Trading Commission (CFTC) for a WTI crude oil perpetual futures contract. If approved, it would be the first oil-linked 'perps' product to trade on a regulated US exchange environment.

The proposal would support near-continuous trading (24/5), which reflects ongoing regulatory debate over 24/7-style market structure.

Kalshi's expansion into energy derivatives comes amid separate legal fights over how federal commodities rules interact with state gambling enforcement. If the CFTC approves a perpetual format for a storable, physically linked commodity like crude, it could effectively widen the set of instruments available to US traders while also testing the regulator's willingness to treat perps as compatible with current statutory frameworks.