TREE NEWS reports: At a CFTC advisory meeting, CME’s Terrence Duffy accused prediction markets of manipulation risk, prompting Kalshi’s Luana Lopes Lara to turn the question back on him. The heated exchange highlighted ongoing regulatory tensions over prediction market oversight.
CME’s Duffy Clashes with Kalshi and CFTC Chair Over Prediction Market Manipulation
The flashpoint is jurisdictional, not empirical: Duffy's manipulation warning and Lopes Lara's retort show exchanges competing over who gets to define market integrity as prediction markets edge onto regulated turf. The CFTC chair's presence matters because the agency is being pressed to pick a side rather than referee. Whether this stays rhetorical or becomes a formal rulemaking or enforcement signal is the open question.
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