CFTC warns Kalshi of imminent charges over notification of contracts: Politico
Summary
The CFTC has privately warned prediction-market operator Kalshi that it may face charges over alleged failures to properly notify the agency about new products. The investigation has reportedly examined notifications for dozens of products and has been underway for months. Kalshi said the issue was a procedural error involving submissions for a handful of contracts, many of which never launched, and that it is addressing the matter. The possible enforcement action comes amid the CFTC’s efforts to assert authority over prediction markets and state challenges to Kalshi. Separately, Kalshi joined Coinbase and other firms in supporting the CFTC’s position on stock-linked perpetual futures in another legal case.
