The CFTC privately warned Kalshi that its investigation into notifications for new contracts could lead to enforcement action, according to Politico. The regulator has spent several months reviewing submissions covering dozens of products but has not specified which contracts are targeted. Kalshi acknowledges a procedural error involving a handful of contracts, many of which were never offered to the public, and says it has begun correcting the issue. The matter comes as the CFTC defends its exclusive authority over prediction markets against several US states.
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