CFTC Reportedly Warns Kalshi of Charges Over Prediction Market Launches

The Commodity Futures Trading Commission (CFTC) has privately warned prediction market Kalshi that charges could come soon. The probe examines whether Kalshi, valued at $40 billion, failed to properly notify the agency about dozens of new products. Kalshi calls it a procedural error. However, much of the growth behind its valuation, and Polymarket’s $21 billion, traces to a CFTC that backed expansion. Why Is the Kalshi CFTC Probe Focused on Self-Certification? A person with direct knowledge of the case told POLITICO the inquiry has run for months. The person requested anonymity. Only a handful of contracts are involved, and many were not live, Kalshi spokesperson Elisabeth Diana said.

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