Kalshi Pushes for Non-Expiring Oil Futures Contract in Regulated Markets

Kalshi Inc., an online derivatives exchange, is seeking regulatory approval for a novel oil futures contract. The proposed contract would be linked to the West Texas Intermediate benchmark and have no expiration date.

This move aims to bring a product popular in crypto markets into the traditional energy sphere as the industry debates the risks of 24/7 trading. Kalshi will file the contract with the Commodity Futures Trading Commission, possibly as soon as next week.

If approved, it would be the first contract of its kind to trade on a regulated US platform. This development has implications for energy markets and raises questions about the potential risks associated with round-the-clock trading.