[Kalshi Applies to Launch 10-Year WTI Crude Oil Futures Contract] Prediction market platform Kalshi has submitted an application to launch a 10-year WTI crude oil futures contract. The contract would employ a perpetual structure with funding fees and would be traded 24/7, five days a week. The filing states that the longer contract would reduce rollover costs and basis risk, and avoid participants bearing physical delivery. The CFTC has 45 days to decide whether to approve it. (Source: The New York Times) Kalshi had previously applied for perpetual contracts on the US500 index and copper, and is in discussions with regulators to expand derivatives to foreign exchange and gold. Earlier this month, the CFTC approved perpetual futures for single stocks; Cboe and CME subsequently filed a lawsuit, and the SEC submitted a court opinion supporting the CFTC. Meanwhile, the CFTC is investigating whether Kalshi improperly used its self-certification process to launch certain event contracts. (Source: Reuters)