CFTC Seeks Dismissal of CME Motion on Kalshi Bitcoin Perpetual Futures
CFTC motion argues CME lacks standing to challenge approval of Bitcoin perpetual futures on Kalshi because the exchange could offer similar contracts.
The Commodity Futures Trading Commission filed a motion asking a federal court to dismiss CME Group's pending challenge to the agency's approval of Bitcoin perpetual futures contracts on Kalshi.
Standing argument
The filing states that CME lacks standing because it could itself launch perpetual futures contracts. It further argues that any claimed harm to CME is self-inflicted.
Status
The outcome of the motion and the underlying lawsuit remains pending. No timeline or additional contract details were provided in the filing.