CFTC pushes back on CME over Kalshi's Bitcoin perps: where's the evidence of harm? "U.S. CFTC rebuffed CME legal stance in consequential fight over perpetual futures." "Kalshi got Bitcoin perpetual and the CME freaked the F out. They were like, bro, slow down. That's better than what we have." "Therefore, it must be illegal. There is no way that a better product could possibly exist that we did not innovate on." "The CME complained. We're going to sue. I'm going to call my mom. She said you can't do it." "The CFTC basically responded, and were like, show me on the doll where perpetuals hurt you. Because there's no evidence that this has hurt the CME, and the CFTC asked for that evidence and there is not. Shocker."