CME Sues CFTC to Vacate Kalshi Perpetual Futures Approval
The unusual suit argues Kalshi's Bitcoin perps are "swaps" under Dodd-Frank, not futures — and that the CFTC rubber-stamped the listing without doing the legal analysis.
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The unusual suit argues Kalshi's Bitcoin perps are "swaps" under Dodd-Frank, not futures — and that the CFTC rubber-stamped the listing without doing the legal analysis.
The suit would hinge on Dodd-Frank's swap-vs-future line — and with CME stepping in, the fight stops being a CFTC-vs-predictiom-market story and becomes a battle over who gets to define the next…
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