How CFTC Chairman Michael Selig reversed long-standing policy to authorize perpetual crypto and stock trades on Kalshi and others, despite SEC staff concerns (New York Times)

First reported by Crypto Briefing at Wed 4:11 PM · 3 outlets in all

1. Techmeme37mHow CFTC Chairman Michael Selig reversed long-standing policy to authorize perpetual crypto and stock trades on Kalshi and others, despite SEC staff concerns (New York Times)
2. New York Times(subscription required)2hWant to Short a Stock? Kalshi and C.T.F.C. Allow It as ‘Perpetual Trades.’After a federal regulator allowed wagering on stocks and cryptocurrencies, two powerful trading clearinghouses filed lawsuits saying traders would not be properly protected.
3. Crypto Briefing14hSEC backs CFTC in court fight over single-stock perpetual futuresThe SEC's support for the CFTC highlights potential shifts in regulatory dynamics, impacting market oversight and the future of derivatives trading.