CFTC is warning Kalshi it could face charges over contract filing failures
Kalshi calls the issue a procedural error involving a handful of contracts, many of which were not live, and says it is addressing it
Washington, November 10 - A prominent federal financial regulator has reportedly warned Kalshi of impending charges, according to a source cited by Politico. The Commodity Futures Trading Commission (CFTC) is reportedly probing Kalshi for potentially failing to notify the agency about numerous new products, suggesting that charges may be forthcoming soon.
Kalshi's spokesperson, Elisabeth Diana, stated that the CFTC's warning is related to a procedural error involving the submission of a few contracts, many of which were not yet live. Diana added that the company is already addressing the issue. However, the CFTC has not yet commented on the matter.
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- Wall Street regulator poised to bring charges against Kalshi, Politico reports channelnewsasia.com
