According to ChainCatcher, outgoing CME Group Chief Executive Officer Terrence Duffy said the company will sue the U.S. Commodity Futures Trading Commission on Thursday. The stated reason is the CFTC’s approval of prediction market platform Kalshi to launch a Bitcoin perpetual futures product.
CME Targets the CFTC Approval Decision
The disclosed information centers on three parties: CME Group, the U.S. Commodity Futures Trading Commission, and Kalshi. The public statement came from Duffy, who is set to step down as CME’s chief executive. The planned lawsuit is directed at the CFTC, while the product at issue is Kalshi’s approved Bitcoin perpetual futures offering.
The report focuses on CME’s legal challenge to the regulatory approval rather than on the launch details of the product. Duffy said CME will file the lawsuit on Thursday, placing the dispute over Kalshi’s Bitcoin perpetual futures product into a court process.