Insider: CFTC May Soon File Charges Against Kalshi Over Dozens of Prediction Market Contract Filings

Odaily: According to people familiar with the matter, the U.S. Commodity Futures Trading Commission (CFTC) has warned prediction market platform Kalshi that it may soon file charges over the launch of certain prediction contracts. The CFTC is investigating whether Kalshi failed to follow proper regulatory notification procedures for dozens of new products in the pipeline. The probe has been ongoing for several months and may ultimately be resolved through a settlement.

A Kalshi spokesperson responded that the matter involves procedural errors in the submission process for a small number of contracts, many of which have not yet gone live, and that Kalshi is already addressing the issue. (POLITICO)