The proposal for 24/5 trading follows a decision by the Chicago Mercantile Exchange to withdraw its own plans for 24/7 oil futures. Because perpetual futures, or perps, cannot be self-certified by exchanges like other event contracts, they require direct regulatory approval due to heightened oversight.
Tuesday, October 20, 2026
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Kalshi Files First Regulated US Oil Futures That Expire Every Decade
Commodities13 days ago
The futures trading platform has adjusted its application to the Commodity Futures Trading Commission to clarify the lifespan of its proposed oil contracts. Kalshi specified in a correction that the products will expire every 10 years, correcting earlier reports that they would never expire. These derivatives will be tied to the West Texas Intermediate benchmark, and the CFTC has 45 days to approve or disallow the filing. If approved, the contracts would be the first crude-linked perpetual futures to trade on a regulated US exchange.
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