The Commodity Futures Trading Commission has warned Kalshi that charges could be filed if the prediction-market operator did not properly notify the agency of new products. The investigation concerns dozens of products and has been underway for several months, according to Politico. Kalshi described the issue as a procedural error involving submissions for a handful of contracts, many of which never went live. The potential enforcement action comes as the CFTC defends its exclusive authority over prediction markets against state efforts to regulate Kalshi. Kalshi is separately supporting the CFTC in a legal dispute over perpetual futures tied to individual US stocks.
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