Kalshi seeks CFTC approval for WTI crude perpetual futures: Report
Kalshi is reportedly preparing to seek CFTC approval for a West Texas Intermediate crude oil perpetual futures contract that would never expire and could trade 24/5. If approved, it would be the first oil-linked perpetual futures product on a regulated US venue. Perpetual futures let traders hold positions indefinitely without rolling contracts. The move fits a broader CFTC discussion: in June, the regulator asked for public input on 24/7 futures trading and perpetual contracts tied to physical energy commodities, including crude oil. In July, the CFTC halted a CME crude oil futures listing while reviewing its legality. Kalshi’s expansion comes amid a separate legal fight over whether federal commodities law blocks state gambling enforcement against its event contracts. Michigan recently won a preliminary injunction limiting sports event contracts in the state, and New Jersey has asked the Supreme Court to resolve conflicting appellate rulings.
