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CME Launches 24/7 Crypto Futures Trading Starting May 29

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Is Blue Owl Redemption Halt an Early Alarm for Crypto Markets?

CME Group will run cryptocurrency futures and options on CME Globex around the clock starting May 29, 2026, after recording $3 trillion in notional volume across its crypto derivatives in 2025.

Why it matters:

  • Traders can react to breaking news on weekends, eliminating the price gap risk that builds when crypto markets move while CME is closed.
  • Institutions managing crypto exposure via CME derivatives gain continuous hedging access, reducing overnight risk accumulation.
  • The move signals CME’s direct response to demand from TradFi firms scaling into digital assets.

The details:

  • CME Group announced the 24/7 schedule on February 19, 2026, pending regulatory approval, per an official press release.
  • Crypto derivatives average daily volume (ADV) hit 407,200 contracts year-to-date in 2026, up 46% year-over-year.
  • Futures ADV reached 403,900 contracts, up 47% year-over-year, per CME Group data.
  • Average daily open interest stands at 335,400 contracts, up 7% year-over-year.
  • CME confirmed the launch date of May 29, 2026, via its official X account.

The big picture:

  • CME’s 2025 crypto notional volume of $3 trillion confirms institutional demand for regulated derivatives now rivals spot market activity.
  • The 24/7 schedule aligns CME with native crypto exchanges, which have always traded continuously, narrowing a structural gap between TradFi and DeFi.
  • Continuous trading on a regulated venue could pull institutional volume away from offshore perpetual futures markets.

The post CME Launches 24/7 Crypto Futures Trading Starting May 29 appeared first on BeInCrypto.

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Crypto World

Tennessee Judge Blocks State Crackdown on Kalshi Markets

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Adoption, CFTC, Legislation, United States, Prediction Markets

A US federal judge in Tennessee temporarily blocked the state from enforcing its gambling laws against prediction markets operator Kalshi’s sports event contracts. 

The ruling, issued by Judge Aleta Trauger of the US District Court for the Middle District of Tennessee on Thursday, allows Kalshi to continue offering sports-related event contracts to users in the state while its lawsuit against Tennessee regulators proceeds.

Trauger found that Kalshi is likely to succeed on the merits of its claim that federal commodities law preempts Tennessee’s attempt to regulate its sports markets as illegal gambling. 

The court concluded that Kalshi’s sports event contracts are “swaps” under the Commodity Exchange Act, over which the law grants the US Commodity Futures Trading Commission (CFTC) exclusive jurisdiction, and held that Tennessee’s enforcement efforts are likely preempted under conflict preemption principles. 

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Adoption, CFTC, Legislation, United States, Prediction Markets
Preliminary injunction, Kalshi. Source: CourtListener

The injunction applies to the identified state officials, while the Tennessee Sports Wagering Council itself was dismissed on sovereign immunity grounds, and Kalshi was ordered to post a $500,000 bond.

Long-running clash with states

The Tennessee case marks another chapter in a broader clash over how to treat event contracts in the United States.

An earlier temporary restraining order from Trauger had already paused enforcement of Tennessee’s cease-and-desist letter, which alleged that Kalshi was operating unlicensed sports wagering, ordered it to stop offering sports event contracts to customers in Tennessee, void those contracts and refund deposits, and threatened fines and further legal action. 

Related: Nevada court hits Polymarket with temporary restraining order, tests CFTC control

Kalshi has similarly gone to federal court in multiple states, including Nevada, New Jersey, and Connecticut, over cease-and-desist actions targeting its event markets, with courts reaching divergent conclusions on whether to grant preliminary relief.

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CFTC steps in to defend prediction markets

​The injunction also lands against a shifting federal backdrop, as the CFTC moves to assert primacy over prediction markets.

In a video message on Tuesday, CFTC Chair Michael Selig said the agency had filed a friend-of-the-court brief to defend its “exclusive jurisdiction” over prediction markets, warning state authorities that the commission would meet them in court if they tried to undermine federal oversight of these derivative markets.

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