Kalshi Files With CFTC for Perpetual-Style WTI Crude Oil Futures

The filing matters less for the crude exposure itself than for the regulatory path it tests: a perpetual-style contract cannot be self-certified, so Kalshi is asking the CFTC to affirmatively bless a structure the agency has historically viewed with caution. That makes this a precedent question for how perpetuals might reach US-regulated venues, not just another listing. The 45-day window is the near-term marker, and whether the CFTC treats a ten-year expiry as a genuine distinction from a true perpetual is the open question worth watching.