CME sues CFTC over approval of Kalshi’s first U.S. perpetual futures product
2026-06-21 18:31:16
CME Group sued the Commodity Futures Trading Commission on Thursday, seeking to vacate the agency’s approval of Kalshi’s first U.S. perpetual futures contracts and related self-certified products. The suit alleges the CFTC failed to properly analyze whether Kalshi’s Bitcoin perpetual should be treated as a “swap” under Dodd-Frank rather than a “future,” according to CoinDesk, and claims the agency “rubberstamped” the application. CME argues perps could harm its long-dated futures business.
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