CME Sues US CFTC Over Approval of Perpetual Futures by Kalshi and Coinbase
The Chicago Mercantile Exchange (CME) has filed a lawsuit against the U.S. Commodity Futures Trading Commission (CFTC), challenging its decision to allow prediction market platform Kalshi and cryptocurrency exchange Coinbase to offer perpetual futures contracts. CME argues that these contracts are classified as swaps under Dodd-Frank, not futures, and claims the regulator acted arbitrarily in approving them.
Topics: CFTC cryptocurrency derivatives futures prediction markets