CME Group, the world's largest derivatives exchange, says it will sue the Commodity Futures Trading Commission (CFTC) after regulators approved Bitcoin perpetual futures for prediction market platform Kalshi. On the front, CME says the lawsuit is about investor protection, but others view it as resistance to new competition.

CME to Sue CFTC Over Bitcoin Perpetual Futures Approval, Calls It a “Disaster Waiting to Happen”