Prediction market operator Kalshi plans to file with the Commodity Futures Trading Commission as soon as next week for approval of a West Texas Intermediate (WTI) crude oil perpetual futures contract that would trade 24 hours a day, five days a week without an expiration date. If approved, it would be the first oil-linked perpetual futures product to trade on a regulated US platform. The CFTC had previously examined perpetual contracts for storable energy commodities in June and halted a similar CME Group product in July. Meanwhile, Kalshi faces jurisdictional challenges, including a preliminary injunction from a Michigan court barring it from offering sports-related event contracts in the state.
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