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

CFTC Invokes Emergency Powers to Keep Kalshi Trading Despite New York Suit

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In brief CME Group Chairman Terry Duffy and Kalshi co-founder Luana Lopes Lara clashed during a CFTC roundtable in Washington, D.C. Duffy singled out Kalshi while questioning whether prediction markets face the same regulatory scrutiny as established exchanges. The clash comes amid a fight between federal and state regulators over prediction markets. A CFTC roundtable on prediction markets turned heated Thursday when CME Group Chairman Terry Duffy and Kalshi co-founder Luana Lopes Lara traded insults over market manipulation and regulation.The confrontation unfolded during a Commodity Futures Trading Commission meeting in Washington, D.C., as executives from traditional finance, crypto, and prediction markets debated how event contracts should be regulated.Myriad: Will the Clarity Act be signed into law in 2026?

Source: Decrypt


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