CME's Duffy Clashes With Kalshi and the CFTC Chair Over Prediction Market Manipulation

CME's Duffy Clashes With Kalshi and the CFTC Chair Over Prediction Market Manipulation

A Commodity Futures Trading Commission advisory meeting turned into a public squabble Thursday, with CME Group Chairman and CEO Terrence Duffy clashing first with CFTC Chairman Michael Selig and then with Kalshi co-founder and COO Luana Lopes Lara over whether prediction markets are being policed seriously enough. Duffy told the Innovation Advisory Committee he was concerned about the volume of self-certified event contracts and the manipulation…

CME CEO vs Kalshi COO: 'Learn About Credible Markets'

A Commodity Futures Trading Commission advisory meeting exposed a deep disagreement over how prediction markets should be regulated, with CME Group CEO Terrence Duffy questioning whether some event contracts are too vulnerable to manipulation. Duffy told the CFTC Innovation Advisory Committee on Thursday that he was concerned about the volume of contracts entering the market through self-certification and whether some events can be traded fairly…

CME's Duffy clashes with CFTC, Kalshi over prediction market

The confrontation that broke out on Thursday at a CFTC-led meeting could be seen as more than a play for regulation. Prediction markets like Kalshi and Polymarket increasingly tap into crypto settlement systems, while the regulator involved in the conflict is deciding which approach to take for regulating event contracts and perpetual futures in the US. The stakes are quite high as the size of the prediction market ballooned to $63.5 billion in …

CoinStats - CME CEO Terrence Duffy trades barbs with CFTC...

A CFTC ommittee meeting exposed a sharp divide between the worlds of traditional finance and prediction market platforms.

Tensions Flare as CME, Kalshi Execs Clash Over Prediction Markets in DC

CME Group Chairman Terry Duffy and Kalshi co-founder Luana Lopes Lara traded barbs during a CFTC meeting over prediction markets, manipulation, and regulatory standards.

CME CEO And CFTC Chairman Clash Over Prediction Market Oversight

BitcoinWorld CME CEO and CFTC Chairman Clash Over Prediction Market Oversight In a rare public confrontation, CME Group CEO Terry Duffy and Commodity Futures Trading Commission (CFTC) Chairman Michael Selig disagreed sharply over the agency’s oversight of prediction markets. The exchange occurred during a meeting of the CFTC’s Innovation Advisory Committee, where Duffy challenged the commission’s hands-off approach to a wave of newly filed prod…