Back to today’s briefing

Story perspectives

CFTC Approves Kalshi Bitcoin Futures, Triggers Broad Stock Sell-off

6/2/2026

45 10 Full Breakdown

Summary

Story summary

The Commodity Futures Trading Commission approved bitcoin futures on Kalshi, triggering a sell-off in stocks.
CME Group shares fell 3% and 9% over two days, its steepest weekly decline since 2020.
Cboe Global Markets dropped 8%, pushing its losses above 16%.
Intercontinental Exchange shares fell 5% for the week, with Nasdaq dropping over 6%.
Analysts warned futures could challenge products but said risk can be managed.

1 of 1

Story summary

The Commodity Futures Trading Commission approved bitcoin futures on Kalshi, triggering a sell-off in stocks.
CME Group shares fell 3% and 9% over two days, its steepest weekly decline since 2020.
Cboe Global Markets dropped 8%, pushing its losses above 16%.
Intercontinental Exchange shares fell 5% for the week, with Nasdaq dropping over 6%.
Analysts warned futures could challenge products but said risk can be managed.