Group sues CFTC over single-stock perpetual futures
An industry group backed by Cboe and Citadel Securities filed a lawsuit against the CFTC to block single-stock perpetual futures. The plaintiffs claim the regulator bypassed Congress to allow synthetic stock trading outside SEC oversight.
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An industry group backed by CBOE GLOBAL MARKETS INC and Citadel Securities filed a federal lawsuit on Tuesday afternoon to block the United States Commodity Futures Trading Commission from authorizing perpetual futures on individual stocks. The legal challenge targets a regulatory shift that opens traditional Wall Street territory to prediction markets. It follows a similar June lawsuit by CME GROUP INC over digital asset contracts offered by COINBASE GLOBAL INC -CLASS A and Kalshi.
