Will CME Group File a Preliminary Injunction Motion Against the CFTC in Case No. 1:26-cv-02157 by July 10, 2026?
122,197 Vol.17 hours ago (Jul-10-2026 11:59:00 PM UTC)
DescriptionCME Group filed a federal lawsuit on June 18, 2026 (Case No. 1:26-cv-02157, D.D.C.) against CFTC Chair Michael Selig and the CFTC, challenging the one-day approval of Kalshi's Bitcoin perpetual futures (BTCPERP) and the Policy Statement enabling DCM self-certification of crypto perpetuals. Kraken (via Bitnomial) launched competing CFTC-regulated perpetuals on June 15, 2026, and Kalshi's trading volumes exceed $1B+ — both strengthen CME's irreparable harm argument. Legal analysts unanimously predict a PI motion will follow. As of June 28, 2026, no PI motion has been filed.
- This event resolves YES if CME formally files a motion for preliminary injunction in Case No. 1:26-cv-02157 (D.D.C.) on or before July 10, 2026 UTC.
- This event resolves NO if no such motion is filed by the deadline.
- 1. Specificity: Must be a formal preliminary injunction motion filed in Case No. 1:26-cv-02157 by CME. A combined TRO+PI motion still resolves YES (PI component is formally present). Not a TRO-only filing, letter, or amended complaint.
- 2. Exclusion: TRO-only filings, letters, or amended complaints without a PI motion do NOT count.
- 3. Source Hierarchy: PACER docket for Case No. 1:26-cv-02157 (primary); Reuters/Bloomberg/Law360 (secondary); crypto industry news (tertiary).
- 4. Timing: Motion must be filed on or before July 10, 2026 UTC. Post-deadline filings resolve NO.
- 5. Cancellation Rule: If CME withdraws or settles the lawsuit entirely before July 10, this event resolves NO.