Every Zipp story tagged #DoddFrank, newest first.
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…
The fight isn't over perpetuals themselves — it's over whether a regulated venue like CME gets first crack at the benchmark, with Duffy arguing Dodd-Frank makes the venue question settled law.
Sprecher's framing lands less as a market-cap claim and more as a regulatory challenge: 70% of decentralized perps flow, weekend oil trading ICE can't touch, and a clear ask for Dodd-Frank to either…
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