Kalshi Faces Possible CFTC Charges Weeks After $40 Billion Valuation

TLDR The CFTC has privately warned Kalshi it could face charges over how it notified the agency about new contracts. Kalshi says the issue is a procedural error involving a handful of contracts, many never live. A person with knowledge of the probe says dozens of products are under review. The case centers on self-certification, which lets exchanges list products without prior approval. Polymarket faces a separate CFTC review tied to its 2022 settlement. The US Commodity Futures Trading Commission has warned Kalshi that charges could follow a months-long review of its filings, Politico reported on Tuesday. The probe looks at whether the prediction markets operator properly told the agency about new products before offering them.

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