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Woofun AI reports that CME Group intends to initiate legal proceedings against the Commodity Futures Trading Commission (CFTC). The lawsuit stems from the regulator's recent authorization of prediction market platform Kalshi to deploy Bitcoin perpetual futures products.
Outgoing CEO Terence Duffy disclosed the litigation strategy on Thursday, questioning the statutory basis for the CFTC's decision. This action underscores growing institutional scrutiny regarding regulatory consistency in the approval of cryptocurrency derivative instruments.