CME CEO Terrence Duffy trades barbs with CFTC's Selig and Kalshi's COO over prediction market oversight

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

CME's Duffy attacked Kalshi's prediction markets at CFTC hearing over manipulation risks and light regulatory scrutiny. Federal-state regulatory battle over event derivatives creates compliance limbo, stalling adoption of nascent prediction market fintech platforms.