CFTC Moves to Kill CME Lawsuit Over Kalshi’s Bitcoin Perpetual Futures
The CFTC asked a court to dismiss CME Group's lawsuit challenging its approval of Kalshi's Bitcoin perpetual futures (BTCPERP). CME argues these should be classified as swaps, but the CFTC claims CME lacks standing and cites its own data showing increased Bitcoin futures volumes. The case hinges on the treatment of perpetual contracts, with CME favoring swap classification and the CFTC arguing they can be futures. A decision could impact crypto derivatives markets.







