‼️ The world's largest futures exchange is taking regulators to court ‼️



The CFTC cleared crypto perpetual futures in the US through Kalshi and Coinbase.
CME Group disagreed and is filing suit today.

CME's argument: perps are swaps under the Dodd-Frank Act, not futures.
The CFTC called the lawsuit "frivolous." 👀

So why does CME care this much? Look at the size of the prize:
🔹 Perpetuals open interest: $405.84B
🔹 Traditional futures open interest: $3.32B

Perps are almost the entire derivatives market.
That is what this fight is really about.
KALSHI-4.85%
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