Kalshi Challenges CME With First-Ever US Oil Futures That Never Expire
Key Highlights: Kalshi has proposed a 10-year West Texas Intermediate (WTI) crude oil contract designed to eliminate monthly rollover costs and physical delivery risks at Cushing, Oklahoma. Unlike typical derivatives, the contract cannot be self-certified and requires direct Commodity Futures Trading Commission (CFTC) review due to its quasi-perpetual nature. The initiative emerges amid heated rivalry ...