Prediction market platform Kalshi said it has submitted a proposal to the U.S. Commodity Futures Trading Commission, or CFTC, for a perpetual futures contract tied to the West Texas Intermediate crude oil benchmark. If approved, the product would become the first crude oil perpetual futures contract to trade on a regulated platform in the United States. The filing puts the proposal into a 45-day review window, during which the CFTC will decide whether to approve it. Kalshi said the contract is designed to trade 24 hours a day, five days a week. The company also disclosed that, as of early September, trading volume in its commodities market was close to $400 million. The item was cited by Techub News, with Wu Blockchain named as the source in the brief.
Prediction market platform Kalshi said it has submitted a proposal to the U.S. Commodity Futures Trading Commission (CFTC) for a perpetual futures contract linked to the West Texas Intermediate crude oil benchmark.
If approved, the contract would be the first crude oil perpetual futures product to trade on a regulated platform in the United States. The CFTC is set to decide within 45 days whether to approve the proposal.
Kalshi said the contract is planned to trade 24 hours a day, five days a week. As of early September, trading volume in Kalshi's commodities market was close to $400 million.
The brief cited Wu Blockchain as the source.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
