CFTC says CME has no standing to sue over perpetual futures approval

The story so far: CFTC perpetual contract approval lawsuit

The CFTC approved Kalshi's US Bitcoin perpetual contract in May. The CFTC argues CME lacks standing to challenge the approval, saying CME has not shown harm, and wants the case dismissed. The Futures Industry Association has now urged the CFTC not to approve Kalshi's perpetual crude oil futures.

1. 19 Oct 202616:56 UTC

   CFTC says CME has no standing to sue over perpetual futures approval

   The CFTC has argued in a brief that CME lacks standing to challenge its approval of crypto perpetual futures, saying CME has not been harmed and its crypto futures volumes rose. TD Cowen's Jaret Seiberg said the case could grow more complicated if the market expands while litigation continues.

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2. 20 Oct 202600:02 UTC

   CFTC says CME failed to show harm from perpetual contract policy

   The CFTC told a court that CME Group has not shown it was harmed by the agency's new perpetual contract policy, so it lacks standing to sue. The CFTC approved Kalshi's US Bitcoin perpetual contract in May and wants the case dismissed.

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3. 23 Oct 202601:25 UTC

   Futures Industry Association urges CFTC to hold off on Kalshi oil perpetuals

   The Futures Industry Association, which represents US derivatives exchanges including CME, asked the CFTC not to approve Kalshi's perpetual crude oil futures and to close a loophole letting retail investors use offshore trading platforms, Bloomberg reported.

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