From Financialpost · · 1m 20s
Kalshi's 10-Year Oil Contract Proposal
Kalshi proposes oil futures contract with 10-year expiry to bypass regulatory hurdles.
In brief
Kalshi proposes oil futures contract with 10-year expiry to bypass regulatory hurdles. Kalshi Inc. filed a proposal for an oil-linked futures contract that expires every decade, aiming to address regulatory concerns in US markets. Originally reported by Financialpost.
Kalshi files oil futures proposal
Kalshi Inc. has filed a proposal for an oil-linked futures contract that only expires every decade with the Commodity Futures Trading Commission.
CFTC has 45 days to approve
The CFTC has 45 days to approve or disallow the product, tied to the West Texas Intermediate benchmark.
Perpetual futures contract style
The contract is in the style of perpetual futures contracts, known as perps, which can’t be self-certified by exchanges like other event contracts.
Iran war boosts oil trading
The Iran war has turbocharged demand from both institutional and individual speculators seeking to profit from volatile commodity prices.
Oil prices swing widely
Oil markets in particular have seen dramatic price swings, with West Texas Intermediate futures trading across a roughly US$60 a barrel range since the start of the year.
CME shelved oil contract plans
The Chicago Mercantile Exchange on Friday announced that it was shelving plans to launch a round-the-clock oil contract following industry pushback.
The short version
Kalshi Inc. filed a proposal for an oil-linked futures contract that expires every decade, aiming to address regulatory concerns in US markets.
