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Exchanges Urge CFTC to Block Kalshi’s Perpetual Oil Futures Plan

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EXCLUSIVE Exchanges Urge CFTC to Block Kalshi’s Perpetual Oil Futures Plan Commodity exchanges are urging US regulators to withhold approval of Kalshi Inc.’s proposed perpetual oil futures contract and close a loophole that gives retail traders access to offshore platforms. The Commodity Markets Council, which represents derivative exchanges including CME Group Inc. as well as trading houses, told the Commodity Futures Trading Commission that perpetual futures pose significant risks to...

EXCLUSIVE Exchanges Urge CFTC to Block Kalshi’s Perpetual Oil Futures Plan Commodity exchanges are urging US regulators to withhold approval of Kalshi Inc.’s proposed perpetual oil futures contract and close a loophole that gives retail traders access to offshore platforms. The Commodity Markets Council, which represents derivative exchanges including CME Group Inc. as well as trading houses, told the Commodity Futures Trading Commission that perpetual futures pose significant risks to market integrity.
Block Kalshi (PERSON) Perpetual Oil Futures (ORG) Perpetual Oil Futures Plan Commodity (ORG) US (LOCATION) Kalshi Inc.’s (ORG) The Commodity Markets Council (ORG) CME Group Inc. (ORG) the Commodity Futures Trading Commission (ORG)
Originally published by Bloomberg Markets Read original →