CME's Kalshi fight widens to oil as Phantom opens new distribution channel
- —Phantom users in the US can trade Kalshi contracts at 2 cents per contract plus a network fee
- —Kalshi filed with the CFTC for WTIPERP, a 100-barrel perpetual WTI contract
- —Kalshi's October volume hit $55.33 billion, tracking September's $59.32 billion record
- —The CFTC asked a court on October 16 to dismiss CME's suit over Kalshi's BTCPERP
Why it matters: The outcome will decide whether perpetual crypto and commodity contracts are regulated as futures or swaps in the US.
Source: Cryptopolitan