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Prediction market operator Kalshi filed with the Commodity Futures Trading Commission to launch perpetual futures tied to copper
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Filed August 18, the proposed COPPERPERP contract would track the spot price of copper in U.S. dollars per pound using a price feed from Pyth Network, a blockchain-based market data provider that aggregates pricing from exchanges, market makers, and other financial firms.
Key facts
- Filed August 18, the proposed COPPERPERP contract would track the spot price of copper in U.S. dollars per pound using a price feed from Pyth Network, a blockchain-based market data provider
- Prediction market operator Kalshi filed with the Commodity Futures Trading Commission to launch perpetual futures tied to copper prices
- According to the Kalshi filing, the Copper Perp contract would be settled in cash, with no physical copper changing hands
- Copper is a critical industrial metal used in power grids, construction, electric vehicles, electronics and the infrastructure supporting AI data centers
Summary
Kalshi filed with the CFTC to launch a perpetual futures contract tied to copper prices. The proposed contract would use Pyth Network price data and have no expiration date. Kalshi has also filed for stock-index perpetuals after winning approval for a Bitcoin perpetual in May. Prediction market operator Kalshi filed with the Commodity Futures Trading Commission to launch perpetual futures tied to copper prices.