KalshiEX LLC

WTIOIL

Scope: These rules shall apply to this contract.

Underlying: The Underlying for this Contract is the settle price of Intercontinental Exchange’s

(“ICE”) front-month West Texas Intermediate (“WTI”) Light Sweet Crude Future for <date>

Revisions to the Underlying made after Expiration will not be accounted for in determining the

Expiration Value.

Instructions: The Underlying can be found here and selecting “T-West Texas Intermediate Light

Sweet Crude Future”. After accessing the report file for <date>, the Underlying is the number

under ‘SETTLE’ and ‘PRICE’ for the first month listed. The settlement price can also be

accessed to a variety of public sources, including from the Energy Information Administration

homepage here. These instructions on how to access the Underlying are provided for

convenience only and are not part of the binding Terms and Conditions of the Contract. They

may be clarified at any time.

Source Agency: The Source Agency is ICE.

Type: The type of Contract is an Event Contract.

Issuance: The Contract is based on the outcome of a recurrent data release, which is issued on a

daily basis. Thus, Contract iterations will be issued on a recurring basis, and future Contract

iterations will generally correspond to the next day, month, and year.

<price>: Kalshi may list iterations of the Contract with <price> levels that fall within an

inclusive range between -5,000 and 5,000 at consecutive increments of 0.01. Due to the potential

for variability in the Underlying, the Exchange may modify <price> levels in response to

suggestions by Members.

<date>: <date> refers to a calendar date specified by Kalshi. Kalshi may list iterations of the

Contract corresponding to different statistical periods of <date>.

Payout Criterion: The Payout Criterion for the Contract encompasses the Expiration Values that

are <above/below/between> <price>. If the value of <above/below/between> is “between”, then

<price> shall be a pair of values and the Payout Criterion encompasses Expiration Values that are

greater than or equal to the lesser of the pair, and less than or equal to the greater of the pair.

Minimum Tick: The Minimum Tick size for the referred Contract shall be $0.01.

KalshiEX LLC
KalshiEX LLC

Position Limit: The Position Limit for the $1 referred Contract shall be $25,000 per Member.

Last Trading Date: The Last Trading Date of the Contract will be <date>. The Last Trading

Time will be 2:30 PM ET.

Settlement Date: The Settlement Date of the Contract shall be no later than the day after the

Expiration Date, unless the Market Outcome is under review pursuant to Rule 7.1.

Expiration Date: The Expiration Date of the Contract shall be the sooner of the date of the first

6:00 PM, 6:30 PM, 7:00 PM, 7:30 PM, or 7:55 PM ET after the data has been released, or one

week following <date>.

Expiration time: The Expiration time of the Contract shall be the sooner of the first 6:00 PM,

6:30 PM, 7:00 PM, 7:30 PM, or 7:55 PM ET following the data release.

Settlement Value: The Settlement Value for this Contract is $1.00.

Expiration Value: The Expiration Value is the value of the Underlying as documented by the

Source Agency on the Expiration Date at the Expiration time.

Contingencies: Before Settlement, Kalshi may, at its sole discretion, initiate the Market

Outcome Review Process pursuant to Rule 6.3(c) of the Rulebook. Additionally, as outlined in

Rule 7.2 of the Rulebook, if any event or any circumstance which may have a material impact on

the reliability or transparency of a Contract’s Source Agency or the Underlying related to the

Contract arises, Kalshi retains the authority to designate a new Source Agency and Underlying

for that Contract and to change any associated Contract specifications after the first day of

trading.

KalshiEX LLC