Kalshi just filed with the CFTC for a WTI crude perp that expires every 10 YEARS
First regulated oil perp in the US if approved. CFTC has 45 days to decide.
Why it matters:
- 24/5 trading vs traditional monthly rolls
- Funding mechanism keeps price tight to spot
- No physical delivery risk
- All liquidity in ONE contract instead of spread across expirations
This comes right after CME got rekt trying to launch 24/7 oil futures. Industry pushed back hard. CME already suing CFTC over Kalshi's crypto perps.
Context: $WTI swinging $60/barrel range this year on Iran tensions. Kalshi's commodity markets hit $400M volume by Sept, 4x their crypto markets at same stage.
If approved, this changes how institutions and degens alike trade oil exposure. No more roll costs. No more spread across 12 different monthly contracts.
CFTC clock is ticking.
First regulated oil perp in the US if approved. CFTC has 45 days to decide.
Why it matters:
- 24/5 trading vs traditional monthly rolls
- Funding mechanism keeps price tight to spot
- No physical delivery risk
- All liquidity in ONE contract instead of spread across expirations
This comes right after CME got rekt trying to launch 24/7 oil futures. Industry pushed back hard. CME already suing CFTC over Kalshi's crypto perps.
Context: $WTI swinging $60/barrel range this year on Iran tensions. Kalshi's commodity markets hit $400M volume by Sept, 4x their crypto markets at same stage.
If approved, this changes how institutions and degens alike trade oil exposure. No more roll costs. No more spread across 12 different monthly contracts.
CFTC clock is ticking.