CFTC Warns Kalshi It Could Face Charges Over New Contract Filings

According to ChainCatcher citing POLITICO, the U.S. Commodity Futures Trading Commission (CFTC) has warned prediction market platform Kalshi that it could soon face charges. The agency has spent several months investigating whether Kalshi failed to follow required notification procedures for dozens of proposed new contracts. Kalshi said the warning concerns procedural errors in the submission process for a small number of contracts, many of which have not launched, and that it is addressing the issues. The CFTC is also investigating Polymarket.