PANews, October 23: According to Bloomberg, the Commodity Market Committee (CMC), representing derivative exchanges and traders including CME Group Inc., has informed the U.S. Commodity Futures Trading Commission (CFTC) that perpetual futures pose significant risks to market integrity, urging the CFTC to block Kalshi’s proposed perpetual crude oil futures contract. Kalshi recently launched a WTI crude oil futures contract trading five days a week with a 10-year term and applied on Tuesday to introduce a perpetual contract with no expiration date.
CMC Urges CFTC to Halt Kalshi's Perpetual Crude Oil Futures
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Summary
The Commodity Market Coalition (CMC), which includes major players such as CME Group Inc., has urged the CFTC to halt Kalshi’s plan to launch perpetual futures for crude oil. Kalshi recently introduced a 10-year WTI futures contract with weekly five-day trading and now aims to offer perpetual futures with no expiration date. The CMC argues that this move could undermine the stability and integrity of the futures market.
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