CFTC Signals Possible Charges Against Kalshi Over New Wagers

The CFTC has warned Kalshi that charges may be coming over the launch of some new wagers.

The federal regulator is investigating whether the prediction market company properly notified it about dozens of products in development.

Kalshi says the issue was procedural and involved a handful of contracts, many of which were not live.

The case concerns a process that lets regulated exchanges offer new products quickly after certifying that they meet requirements, without waiting for express CFTC approval.

The investigation adds to growing scrutiny of prediction markets in Washington, even as the CFTC has supported the industry in other disputes.

The CFTC’s warning suggests charges could come soon, but the agency has not announced any charges.