"Perps are the new 'I'm with stupid' - we all know someone caught in one, but are we all actually with stupid? CME Group just got served by the CFTC and we're about to learn some real lessons on approval process woes.

The CFTC approved Kalshi's first US perpetual futures product, but now the CME is saying no you, not me and my trading friends. Who's got the regulatory upper hand? It's looking like a battle for supremacy in the world of derivatives.

Don't sleep on the drama - a CME Group lawsuit against the CFTC? #perpetualfutures #derivativesmarket #cryptocontrovery"