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CME CEO Terry Duffy Criticizes CFTC Approval of Perpetual Contracts

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2026-06-05 00:53:37
CME Group CEO Terry Duffy has expressed significant concerns over the recent approval of perpetual contracts by U.S. regulators. According to Odaily, Duffy stated that these contracts offer little practical use for institutional investors while exposing retail investors to excessive risk. He disagreed with the Commodity Futures Trading Commission's (CFTC) decision to approve the first crypto perpetual contracts after a swift review process and has communicated his concerns to the CFTC Chairman.

Duffy warned that perpetual contracts and prediction markets are fueling a speculative frenzy among retail investors, which he believes could lead to an impending disaster. The first perpetual contracts approved by the CFTC were listed by Kalshi, and several U.S. exchanges are also considering launching their own perpetual contracts.
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