Kalshi to Apply for WTI Crude Oil Perpetual Futures

Huo Xing Finance reports that on September 2, the prediction market platform Kalshi is preparing to apply to U.S. regulators for the launch of a WTI crude oil perpetual futures contract, potentially seeking approval as early as next week. The proposed contract would trade five days a week, 24 hours a day, with no expiration date, allowing traders to maintain leveraged positions indefinitely without the need for periodic rollovers. If approved by the Commodity Futures Trading Commission, Kalshi would launch the first regulated U.S.-based perpetual futures product tied to crude oil. This move is part of Kalshi’s broader strategy to expand from prediction markets and crypto assets into traditional asset classes, including metals, equities, foreign exchange, and interest rates.