Kalshi Files With CFTC for Crude Oil Futures Contract Maturing Every 10 Years

Kalshi's move is notable less for the crude exposure itself than for the structure: a decade-long expiry paired with near-continuous trading is an unusual combination aimed squarely at the regulatory objections that have dogged event-style contracts. It signals a push to position RWA-linked derivatives as mainstream trading instruments rather than niche bets. The CFTC's response will indicate how far that framing travels. Whether the 10-year tenor attracts genuine hedging interest, or remains a design fix without a matching user base, is the open question.