Tensions escalated between CME Group Chairman Terry Duffy and Kalshi co-founder Luana Lopes Lara during a CFTC meeting in Washington, D.C. over prediction markets and regulatory standards.
The confrontation occurred during a roundtable discussion on prediction markets, where Duffy expressed concerns about the potential for manipulation in some contracts. Executives from various sectors, including traditional finance and crypto, participated in the debate on how event contracts should be regulated.