CME Group · Crypto Briefing
Commodity Markets Council urges CFTC to block Kalshi’s perpetual oil futures contract
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The trade group, whose members include CME Group, wants regulators to withhold approval and close a retail access loophole.
Key facts
- The CFTC’s initial 45-day review window started with the October 20 filing, with a possible extension to 90 days
- Kalshi, a regulated prediction market platform, filed for a fully perpetual WTI contract on October 20, 2026
- That product is reportedly generating daily volume of around $57 million
- The Commodity Markets Council (CMC) has sent a letter to the US Commodity Futures Trading Commission (CFTC) asking it to reject Kalshi’s proposed perpetual WTI crude oil futures contract
Summary
The Commodity Markets Council (CMC) has sent a letter to the US Commodity Futures Trading Commission (CFTC) asking it to reject Kalshi’s proposed perpetual WTI crude oil futures contract. The letter went out around October 22, 2026. Kalshi, a regulated prediction market platform, filed for a fully perpetual WTI contract on October 20, 2026. Join 34,000+ readers across crypto, finance, and policy.