TLDRKalshi filed for CFTC approval to offer a WTI crude oil perpetual futures contract.The proposed contract would trade 24 hours a day, five days a week, without an expiration date.The CFTC has 45 days to approve or reject the proposed oil product.The filing follows CME Group’s withdrawal of its round-the-clock oil trading plan.Kalshi’s commodity markets reached nearly $400 million in trading volume by early September.Kalshi has asked the Commodity Futures Trading Commission to approve a West Texas Intermediate crude oil perpetual futures contract. The product would give eligible US traders oil exposure through a regulated platform without a fixed expiration date.The CFTC has 45 days to approve or reject the proposal. Perpetual futures require direct review and cannot use the self-certification process available to some exchange products, reflecting tighter regulatory checks on these contracts.WTI Contract Would Never ExpireThe proposed contract would trade 24 hours a day, five days a week, while remaining open without an expiry date. Kalshi recently expanded this model beyond crypto through its US500 perpetual futures launch, which began trading on October 6.The oil filing arrives during sharp commodity price moves linked to geopolitical tensions. WTI futures have traded across a range of about $60 per barrel since the start of 2026, drawing more attention from institutions and retail traders.CME Pulls Round-the-Clock Oil PlanKalshi’s filing follows CME Group’s decision to withdraw plans for continuous oil trading after industry resistance. The CFTC had blocked the proposal earlier, prompting a review of whether weekend trading could work with physical oil pricing and cargo settlement.CME’s plan would have kept traditional expiry cycles while extending trading across weekends. Kalshi instead proposes a non-expiring contract with weekday trading. The filing comes as the CFTC also reviews prediction market rules that could affect how event-based products are classified.Commodity Trading Becomes Bigger FocusKalshi has expanded its commodity products as traders seek exposure beyond elections, sports and crypto. Recent data showed rising activity in short-duration gold markets, while commodity trading growth on Kalshi has continued to outpace the platform’s early crypto expansion.The company said commodity markets approached $400 million in trading volume by early September. That level was nearly four times the volume recorded by crypto products at the same stage after launch, according to platform figures.The oil proposal now gives regulators another test of perpetual futures in traditional markets. Approval would allow Kalshi to add crude oil to its growing regulated derivatives lineup while offering traders a contract structure that avoids scheduled expiration and rollover. The proposal could also show how far US regulators are willing to extend perpetual structures beyond digital assets and equity indexes into major physical commodities.The post Kalshi Wants Non-Expiring WTI Futures Approval appeared first on Blockonomi.