CME CEO Urges Regulators to Block Kalshi’s Perpetual Oil Futures

Bullish Gator

CME Group CEO Terry Duffy urges US regulators to deny Kalshi’s perpetual oil futures approval and close retail access loopholes to offshore trading platforms.

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What stands out

CME Group Chairman and CEO Terry Duffy urges US regulators to block Kalshi’s proposed perpetual oil futures contract and to close a regulatory loophole that permits retail traders to use offshore platforms, arguing that these products and access channels threaten market integrity. He made the appeal on Bloomberg with Scarlet Fu and Isabelle Lee, laying out a direct ask to regulators rather than a theoretical critique. The clip matters because a major exchange chief is asking regulators to limit a competitor’s product and to change how retail participation is treated, which is a concrete regulatory request from an industry incumbent.