CME Plans to Sue CFTC, Opposing Agency's Greenlight for Bitcoin Perpetual Contract Offering to Kalshi

BlockBeats News, June 18th, according to CNBC, CME Group CEO Terrence Duffy stated that the company plans to sue the U.S. Commodity Futures Trading Commission (CFTC) over the regulatory classification of "perpetual futures."

The core of the dispute lies in CFTC's recent approval of the prediction market platform Kalshi to offer Bitcoin perpetual futures trading, while CME believes that such products should be classified as "swaps" and fall under a different regulatory framework.

Duffy stated that the lawsuit will be formally filed on Thursday, and he mentioned that the related plans have been prepared in collaboration with the board for about eight months, aiming to clarify the legal status of perpetual futures within the U.S. regulatory system.