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CME CEO Expresses 'Serious Concern' Over Newly Approved US Perpetual Contracts

2 hours ago

June 5, CME Group CEO Terry Duffy expressed "very concerned" about the recently approved U.S. regulated perpetual futures contracts. He believes these instruments offer limited practical value for institutional investors but may expose retail investors to excessive risk. Duffy added he has "serious concerns" regarding the design of the contracts and does not support the CFTC’s approval of the first batch of cryptocurrency price-linked perpetual contracts. He also noted that perpetual contracts and prediction markets reflect a broader trend of retail speculation, comparing this to the risky behavior seen ahead of the 2008 financial crisis (correcting the original year typo from the source material).
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