Prediction Platform Kalshi Targets US Oil Market with Perpetual WTI Contract
6 Articles
6 Articles
Prediction platform Kalshi targets US oil market with perpetual WTI contract
Kalshi is preparing to seek US regulatory approval for a perpetual West Texas Intermediate crude oil futures contract, Reuters reported. The proposed 24/5 product would expand Kalshi’s derivatives business and could become the first oil-linked perpetual futures contract traded on a regulated US platform.
Kalshi Inc. will seek regulatory approval for a future oil-related contract that never expires — a measure that would lead a popular product in cryptocurrencies markets to the traditional energy sector, precisely when the industry discusses the risks of markets that operate uninterruptedly. The contract, linked to the West Texas Intermediate (WTI) reference, should be submitted to the Commodity Futures Trading Commission (CFTC) as early as next …
Key points of the news Kalshi prepares a presentation to the CFTC for a perpetual contract of crude WTI that could become the first perpetual oil regulated in the US. The product would eliminate the traditional maturities of futures, while introducing new requirements of price, financing, margin and risk management. Its approval is ... Read more
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