CME Backed Industry Group Urges CFTC to Block Kalshi Oil Futures Plan
9 Articles
9 Articles
CME backed industry group urges CFTC to block Kalshi oil futures plan
A group representing major US commodity exchanges has urged the Commodity Futures Trading Commission to reject Kalshi’s proposed oil perpetual futures contract over concerns about market integrity. According to Bloomberg, the Commodity Markets Council (CMC), whose members include CME Group…
Exchanges Urge CFTC to Block Kalshi's Perpetual Oil Futures Plan
CME-Backed Industry Group Calls on CFTC to Reject Kalshi’s Oil Futures Plan
A coalition of leading American commodity exchanges urged the Commodity Futures Trading Commission to block Kalshi’s new oil perpetual futures, warning that market integrity could be compromised. According to Bloomberg, the Commodity Markets Council (CMC)—representing CME Group alongside established derivatives venues—cautioned regulators against greenlighting the proposed West Texas Intermediate crude contract, citing risks that might […]
The Commodity Markets Council asked the CFTC to reject the perpetual WTI oil contract proposed by Kalshi and also to examine retail access to foreign platforms through VPN. The application opens a debate on the limits of raw material products in predictive markets.
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