⚖️ CFTC warns Kalshi of imminent charges over how it notified new contracts
The US Commodity Futures Trading Commission has warned prediction market operator Kalshi that charges could be imminent, Politico reported. The probe, underway for months, centers on whether Kalshi properly notified the agency about dozens of new products.
Kalshi spokesperson Elisabeth Diana called it a procedural error involving submissions for a handful of contracts, many of which never went live, adding: "We are already addressing the issue."
The move comes as the CFTC fights to establish exclusive authority over prediction markets, and just a day after Kalshi joined Coinbase and others in backing the regulator in a separate legal battle over stock perps.
⭐ Enforcement against the largest CFTC-regulated prediction market would signal that the agency's support for the sector comes with strict compliance demands, adding regulatory risk for event-contract platforms.
#Kalshi #CFTC #PredictionMarkets #CryptoRegulation
The US Commodity Futures Trading Commission has warned prediction market operator Kalshi that charges could be imminent, Politico reported. The probe, underway for months, centers on whether Kalshi properly notified the agency about dozens of new products.
Kalshi spokesperson Elisabeth Diana called it a procedural error involving submissions for a handful of contracts, many of which never went live, adding: "We are already addressing the issue."
The move comes as the CFTC fights to establish exclusive authority over prediction markets, and just a day after Kalshi joined Coinbase and others in backing the regulator in a separate legal battle over stock perps.
⭐ Enforcement against the largest CFTC-regulated prediction market would signal that the agency's support for the sector comes with strict compliance demands, adding regulatory risk for event-contract platforms.
#Kalshi #CFTC #PredictionMarkets #CryptoRegulation
