CFTC Moves to Dismiss CME Lawsuit Over Bitcoin Perpetual Futures

TLDR The CFTC filed a motion on Sept. 2 asking a federal court to dismiss CME Group’s lawsuit over Bitcoin perpetual futures. The agency says CME lacks legal standing because it can list the same type of contract itself. CME argues Kalshi’s Bitcoin perpetual contract should be classified as a swap, not a futures contract. [...]

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