[CME CEO Expresses 'Great Concern' Over New Perpetual Contracts] According to Bloomberg, Terry Duffy, CEO of the Chicago Mercantile Exchange Group (CME Group), stated that he is 'very concerned' about the recently approved perpetual contracts by U.S. regulators. Duffy remarked that perpetual contracts have almost no practical use for institutional investors but expose retail traders to excessive risks. He expressed his 'complete disagreement' with the CFTC's decision to approve the first crypto perpetual contracts after a rapid review and said he had called the CFTC chairman to voice his concerns. Duffy warned that perpetual contracts and prediction markets are fueling a retail speculation frenzy, reminiscent of the risky behaviors leading up to the 2008 financial crisis: 'The real estate market has been replaced by speculative markets, and this could be a disaster waiting to happen.' The first perpetual contracts approved by the CFTC were listed by Kalshi, and several U.S. exchanges are also discussing launching their own perpetual contracts.