US CFTC investigates Kalshi's new product filing issues, may soon file charges.

November 11 - The U.S. Commodity Futures Trading Commission (CFTC) has privately notified prediction market platform Kalshi that it may soon file charges against it over new contract reporting issues. Sources familiar with the matter said the investigation has lasted for months, involving dozens of products, focusing on whether Kalshi reported new products to the CFTC as required.

Kalshi spokesperson Elisabeth Diana stated that the issue involves procedural errors in the submission of a small number of contracts, many of which were never launched, and the company has already begun addressing the matter.

Meanwhile, the CFTC is seeking to establish exclusive jurisdiction over prediction markets and is challenging attempts by state-level regulators to oversee Kalshi. In a separate lawsuit involving regulatory authority, Kalshi, along with Coinbase and 4 other companies, filed a joint legal opinion on Monday to support the CFTC's regulatory stance on perpetual futures linked to U.S. individual stocks.