Kalshi Files for Perpetual Copper Contract Using Pyth Data

Kalshi's move signals that prediction-market infrastructure is drifting toward perpetual commodity exposure, a structure more familiar to crypto-native traders than to traditional futures participants. Using Pyth as the settlement feed matters: it ties a regulated commodity product to a decentralized oracle, blurring the line between crypto data rails and conventional derivatives plumbing. The open question is whether this filing is a one-off experiment or the start of a broader push into perpetuals across commodities, and how regulators treat an oracle-fed contract with no expiry.