Kalshi Targets Regulated US Oil Perpetuals Amid Volatile Markets
Kalshi is pushing for approval from the Commodity Futures Trading Commission (CFTC) to launch a perpetual contract tied to West Texas Intermediate (WTI) crude oil. If approved, this would be the first regulated US oil perpetual and bring a structure widely used in crypto derivatives into traditional commodity markets.
The proposal comes at a time when oil markets are experiencing elevated volatility due to renewed US-Iran tensions and concerns over disruptions around the Strait of Hormuz. WTI recently climbed above $90 per barrel, creating an active environment for traders managing crude exposure.
Kalshi reportedly expects to file its proposal next week and is seeking five-day-a-week trading. The company has not published the contract specifications, including its benchmark, funding mechanism, margin framework or liquidation rules, leaving key elements subject to regulatory review.