Kraken CEO refutes CME Group CEO: To achieve fairness, please work hard like we did back then

In response to CME Group CEO's opposition to granting Polymarket and Kalshi innovation exemptions and calling for fair competition, Kraken CEO Arjun Sethi retorted: "For a long time, regulatory barriers have been monopolistic, making it difficult to innovate in the first place. For us, the difficult journey we have gone through to get to where we are today has been equally painful. To achieve a level playing field, I think to some extent you should be pushing in the same direction as we were four, eight, or ten years ago."