Kalshi's perpetual futures product did not meet the Dodd-Frank Act's definition of a "swap" and should not have been approved, Terrence Duffy said.
CME's CEO, Terrence Duffy, announced the company's intention to sue the CFTC. This action follows the regulator's approval of Kalshi's perpetual futures product. Duffy contends that Kalshi's offering fails to meet the Dodd-Frank Act's definition of a "swap," asserting that its…
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