Kalshi filed with the CFTC to launch a perpetual futures contract tied to copper prices. The proposed COPPERPERP contract would track the spot price of copper in U.S. dollars per pound using a price feed from Pyth Network, a blockchain-based market data provider. Perpetual futures have no expiration date, allowing traders to keep positions open without rolling into a new contract. The filing comes after the CFTC approved Kalshi in May to offer Bitcoin perpetual futures and follows a Washington judge ordering the company to stop offering wagers on sports, elections and politics. Copper is a critical industrial metal used in power grids, construction, electric vehicles, electronics and AI data center infrastructure.
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