Kalshi Says CFTC Warning of Imminent Charges Stems From a ‘Procedural Error’

The Commodity Futures Trading Commission (CFTC) has privately warned Kalshi that enforcement charges against the prediction market could come soon, Politico reported on Nov. 10, citing a person with direct knowledge of the probe. The investigation reportedly centers on whether Kalshi properly told the federal derivatives regulator about dozens of new products it was preparing. Reuters reported the same warning later that day, also citing an unnamed person familiar with the matter. Kalshi has pushed back on the characterization. Spokesperson Elisabeth Diana told Politico the warning “is about a procedural error involving the submission of a handful of contracts, many of which weren’t live.” She added, “We are already addressing the issue.” Neither the CFTC nor Kalshi immediately responded to a request for comment from Unchained.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Unchained.