Mark this old chart: on December 1, 2017, CFTC Release No. 7654-17 recorded CME self-certifying Bitcoin futures; by May 2019, CME says they averaged 13,600 contracts daily, up 246% year-on-year. Ye watched regulatory permission become CME’s liquidity moat, so don’t mistake this suit for pure market-safety concern—let Kalshi sail, then judge whose funding, margin, and liquidation engine survives the storm. 🦑

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