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📈 Business
CME chief and Kalshi COO clash over prediction market regulation at CFTC meeting
A CFTC advisory committee meeting turned into a public clash between CME CEO Terrence Duffy, Kalshi's COO and CFTC official Selig over who should oversee prediction markets. The confrontation revealed deep tensions between established financial exchanges and newer prediction-market platforms vying for regulatory legitimacy. The debate reflects broader uncertainty about how U.S. regulators should handle the booming prediction-market sector.
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