CFTC warns Kalshi of imminent charges over contract notifications, Politico reports

The CFTC's investigation into Kalshi has been underway for months and covers notifications involving dozens of products, Politico reported, citing a person with direct knowledge of the probe. The agency privately notified Kalshi that charges could follow. Kalshi spokesperson Elisabeth Diana called the matter a procedural error involving submissions for a handful of contracts, many of which never went live, and said the company is already addressing the issue. The potential enforcement action comes as the CFTC fights to establish exclusive authority over prediction markets, including challenging state efforts to regulate Kalshi. Separately, Kalshi joined Coinbase and four other firms Monday in seeking to file a brief backing the CFTC's treatment of perpetual futures tied to individual US stocks.

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