Wall Street regulator poised to bring charges against Kalshi, Politico reports
The Commodity Futures Trading Commission (CFTC) is reportedly set to bring charges against Kalshi, according to a report by Politico. A source familiar with the investigation told Politico that the regulator warned the prediction market firm of potentially imminent charges. The CFTC is investigating whether Kalshi failed to properly notify the agency about numerous new products.
A Kalshi spokesperson stated to Politico that the warning is due to a procedural error involving the submission of a few contracts that were mostly not live. The company is currently addressing the issue, according to the statement.
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