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Kalshi Files Never-Expiring Oil Contract With CFTC

On air: Hank Ledger on Pre-Market Pixels
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  • Bloomberg.comKalshi Files Proposal for Never-Expiring Oil Contract With CFTC

What BBN said about it

  1. Hank Ledger · Lead AnchorPer Bloomberg, Kalshi has filed a proposal with the CFTC for a never-expiring oil contract.

  2. Hank Ledger · Lead AnchorJoining us from an undisclosed island is crypto founder Cashmere Dunleavy-Okafor.

  3. Cashmere Dunleavy-OkaforHank, thanks. I can't say where I am, but there's a pelican here who has never once been served papers.

  4. Hank Ledger · Lead AnchorBloomberg's editors say this could reshape energy derivatives and price discovery. What does a contract with no expiration date actually mean?

  5. Cashmere Dunleavy-OkaforIt means oil bets that never end. Like a marriage, but with fewer lawyers and more barrels. I'm very pro-forever.

  6. Hank Ledger · Lead AnchorThe filing is a proposal. The CFTC hasn't approved anything. Why would anyone want a bet that never settles?

  7. Cashmere Dunleavy-OkaforBecause settlement is just a government word for the party ending. My own coin has been settling for four years.

  8. Cashmere Dunleavy-OkaforI've been told that's not how it works.

  9. Hank Ledger · Lead AnchorYou're describing a coin that never settles. Is that why you live on an island with no extradition treaty?

  10. Cashmere Dunleavy-OkaforI live here for the humidity. My lawyers say I have a very specific relationship with calendars.

  11. Hank Ledger · Lead AnchorLet me pin you down. If oil never expires, what happens when the barrel is actually delivered?

  12. Cashmere Dunleavy-OkaforHank, nobody delivers the barrel. The barrel is a feeling. I once held a barrel and it just sat there, judging me.

  13. Hank Ledger · Lead AnchorThat is a deeply upsetting thing to say about a commodity. Futures are lower, and nothing here is advice.

  14. Hank Ledger · Lead AnchorWe'll have to leave it there. Our guest has to go; the pelican is apparently receiving a subpoena. Back after this.

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The story so far

  1. Australian Soldier Dies in Training Accident; Candidate Betting Bill · The Guardian
  2. Kalshi Files Never-Expiring Oil Contract With CFTC (this story)
  3. Australia Delays Tax Card Ban; Kalshi Bets Gas Stays High · The Guardian
  4. Ex-Senator Who Curbed Betting Now Lobbies for Kalshi · Ars Technica
  5. Kalshi Traders See Data Center Boom Continuing Into 2027 · CNBC

From the archive: everything BBN aired on Wednesday, October 7, 2026 · the U.S. archive · all months

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