Bitcoin · Decrypt
Perpetual futures, or “perps,” differ from traditional futures because they have no expiration date
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According to the Kalshi filing, the Copper Perp contract would be settled in cash, with no physical copper changing hands.
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. 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.