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CME Group CEO Terry Duffy predicted a clash in market regulation with CFTC Chairman Michael Selig and Kalshi COO Luana Lopes Lara at a meeting of the US Commodity Futures Trading Commission. Terry Duffy claimed that some predicted market contracts have manipulation risks, and Michael Selig refuted his claim as fake news. Michael Selig stated that the CFTC has exclusive jurisdiction over the prediction market and has filed lawsuits with multiple states over regulatory disputes. Luana Lopes Lara asked if CME had ever experienced market manipulation, and Terry Duffy responded that CME has a large number of regulatory departments. Luana Lopes Lara suggested that it improve efficiency.