Business & Finance
Exchanges Urge CFTC to Block Kalshi’s Perpetual Oil Futures Plan
Key Points
EXCLUSIVE Exchanges Urge CFTC to Block Kalshi’s Perpetual Oil Futures Plan Commodity exchanges are urging US regulators to withhold approval of Kalshi Inc.’s proposed perpetual oil futures contract and close a loophole that gives retail traders access to offshore platforms. The Commodity Markets Council, which represents derivative exchanges including CME Group Inc. as well as trading houses, told the Commodity Futures Trading Commission that perpetual futures pose significant risks to...
EXCLUSIVE
Exchanges Urge CFTC to Block Kalshi’s Perpetual Oil Futures Plan
Commodity exchanges are urging US regulators to withhold approval of Kalshi Inc.’s proposed perpetual oil futures contract and close a loophole that gives retail traders access to offshore platforms.
The Commodity Markets Council, which represents derivative exchanges including CME Group Inc. as well as trading houses, told the Commodity Futures Trading Commission that perpetual futures pose significant risks to market integrity.