Kalshi Inc. plans to file for a West Texas Intermediate‑linked futures contract with no expiration, marking a first for U.S. regulated platforms. The move brings crypto‑style perpetual contracts to traditional energy markets, sparking debate over 24/7 trading risks. The filing, expected next week, follows growing interest from prediction market investors who see perpetual oil futures as a new asset class.

Regulators at the Commodity Futures Trading Commission will review the proposal, weighing the potential volatility and market integrity concerns. If approved, the contract could set a precedent for other commodities and expand the reach of prediction markets into mainstream finance.