CFTC Asks Judge to Dismiss CME Lawsuit Over Crypto Perpetual Futures

The CFTC asks a judge to dismiss CME Group’s lawsuit over Kalshi’s Bitcoin perpetual futures, arguing CME cannot contest the regulator’s approval without demonstrating concrete financial injury. By insisting the exchange provide specific loss calculations, the CFTC seeks to limit costly litigation and preserve its authority to sanction new crypto derivatives, influencing market confidence and future product launches.