TLDR Kalshi reportedly plans to seek CFTC approval for a WTI perpetual futures contract as soon as next week. The product would trade 24 hours a day, Monday through Friday, with no fixed expiration date. Approval would make it the first oil perpetual futures contract on a regulated US exchange. Kalshi already runs a CFTC approved Bitcoin perpetual contract that launched in June 2026. CME Group disputes how regulators classify perpetual contracts, setting up a possible conflict over the oil product.
Kalshi plans to ask US regulators for approval of a new oil futures product. The exchange wants to launch a West Texas Intermediate perpetual futures contract as soon as next week.
Bloomberg reported the plan on September 2, citing a person familiar with the matter. The filing has not yet been made public.
The contract would track WTI crude oil prices. Unlike standard oil futures, it would have no fixed expiration date.
Traders could hold positions indefinitely. They would only need to maintain enough collateral to meet margin requirements.
The product would trade 24 hours a day, Monday through Friday. It would pause during part of the weekend instead of running nonstop.
If approved, it would be the first oil perpetual futures contract on a regulated US exchange. As of September 3, no application had appeared in the CFTC’s public filing database.
KALSHI TARGETS OIL WITH NEW PERPETUAL FUTURES
Kalshi is preparing to seek U.S. regulatory approval for WTI crude oil perpetual futures, potentially as early as next week.
The proposed contracts would trade 24 hours a day, five days a week and have no expiry date, allowing…
— *Walter Bloomberg (@DeItaone) September 2, 2026
How Perpetual Contracts Work
Traditional WTI futures expire in a set month. Traders must close or roll their