A closer look at “Crypto Perpetuals Debate: Are They Futures or Swaps? Kalshi vs. John Lothian”, exactly as the source publishes it. This episode of The Policy Protocol features an in-depth discussion on the regulatory landscape of the crypto industry, focusing on the CFTC’s massive 267-page proposed rule-making regarding prediction markets and event contracts. Experts Rebecca Rettig and Renato Mariotti unpack the implications of these regulations and discuss the recent letter from crypto CEOs supporting the BRCA. The highlight of the session is a rigorous debate between Udesh Jha, Head of Exchange Analytics at Kalshi, and industry veteran John Lothian.
They tackle the complex classification of crypto perpetuals, arguing whether these instruments should be legally defined as futures or swaps. This conversation provides critical insights into the legal frameworks that will shape the future of digital asset trading. This listing links straight to the original page, where the content is available in full.