CME lawsuit challenges whether Kalshi’s Bitcoin leverage push can become an everything-exchange
The CFTC accredited KalshiEX’s BTCPERP contract on May 29, someday after Kalshi submitted it underneath Regulation 40.3. The contract references spot Bitcoin, carries no expiry date, and perps usually permit leverage as high as 50-to-1, with automated liquidation that can wipe out positions throughout sharp strikes. CME CEO Terry Duffy introduced the corporate would sue…
