The Chicago Mercantile Exchange (CME) plans to sue the U.S. Commodity Futures Trading Commission (CFTC) over its approval of Kalshi's perpetual futures, arguing that these products are swaps, not futures, and thus violate the Commodity Exchange Act under the Dodd-Frank Act. CME CEO Terrence Duffy claims the CFTC Chair bypassed regulations by approving these perpetual futures, which have no expiration date and involve funding rate exchanges, characteristics of swaps. This lawsuit follows tensions as the CFTC also signaled blocking CME's 24/7 trading plans for gold and oil futures, citing concerns over increased volatility. If CME wins, it could lead to a reevaluation of approvals for similar crypto and prediction market products, signaling a regulatory crackdown on such innovations.
Chicago Atlantic Real Estate Finance, Inc. (REFI) and Chicago Atlantic BDC, Inc. (LIEN) have agreed to merge, with REFI electing to become a business development company (BDC) and merging into LIEN in an all-stock deal. The combined company will oper...
Man Group PLC disclosed a reduction in its long position in Senior Plc, holding 1.58% of relevant securities as of June 17, 2026. The firm sold shares and reduced its equity swap positions, signaling a strategic adjustment in its investment. This dis...
The S&P 500 fell 1.21% to 7,420.10 after the Federal Reserve signaled a possible interest rate increase later this year, causing investor jitters. Despite the decline, Polymarket traders predict a 98% chance the index will open higher on Thursday, re...
Zalando, Europe's largest online retailer with over 62 million active users, uses the European AI platform Hopsworks to power its demanding AI services. Hopsworks provides a high-performance, secure, and compliant AI Lakehouse infrastructure capable ...
Sompo International has named Henry MacHale as Chief Underwriting Officer and Head of Strategy for its International Markets, covering 22 countries across the UK, Asia-Pacific, Europe, and Brazil. MacHale will focus on enhancing underwriting performa...
