The CME Group is officially taking the Commodity Futures Trading Commission to court over allowing perpetual futures to trade in the U.S.

CME Group CEO Terry Duffy plans to sue the CFTC over its approval of Kalshi's bitcoin perpetual futures contract, citing legal and investor protection

Outgoing CME CEO Terrence Duffy said that the exchange operator will sue the CFTC over the agency’s decision to approve perpetual futures.