The proposed round-the-clock oil product arrives as Middle East tensions push crude prices higher.
Kalshi has filed with the Commodity Futures Trading Commission seeking approval for a never-expiring, futures-style contract tied to WTI crude oil, part of a broader push toward round-the-clock trading. The filing is dated to early September, before this week's Middle East driven surge in oil prices.
The timing is what makes the filing worth noting now. A prediction markets platform seeking to launch a perpetual oil product arrives the same week Brent crude has climbed toward $100 a barrel on escalating Middle East conflict, giving the proposed contract an immediate, live test case for demand during a period of active volatility.
If approved, a perpetual oil contract would extend Kalshi's product lineup beyond the election and macro event contracts that have defined its public profile, into commodity-linked trading that competes more directly with traditional futures markets. No approval timeline has been set.