CFTC Warns Kalshi It May Face Imminent Charges Over New Contract Filings

Nov. 11 — According to POLITICO, people familiar with the matter said the U.S. Commodity Futures Trading Commission (CFTC) has warned prediction market platform Kalshi that it may soon face charges. The CFTC is investigating whether Kalshi failed to follow required notification procedures with regulators for dozens of planned new contracts; the investigation has been underway for several months. A Kalshi spokesperson responded that the CFTC's warning concerns "procedural errors in the submission process for a small number of contracts," many of which have not yet gone live, and that the company is already addressing the issues. In addition, the CFTC is also conducting an investigation into Polymarket.