The CFTC has warned Kalshi it could face charges in a months-long inquiry into whether the prediction-market platform properly notified the regulator about dozens of new contracts, according to POLITICO. Kalshi says the issue is procedural, involves a limited number of contracts, and that many were never listed.
The case could clarify how closely prediction-market operators must follow contract-notification rules, which may affect the compliance burden for platforms seeking to scale in the US. What standard should regulators apply to unlisted contracts?
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The case could clarify how closely prediction-market operators must follow contract-notification rules, which may affect the compliance burden for platforms seeking to scale in the US. What standard should regulators apply to unlisted contracts?
$btc $eth $bnb
Not financial advice.
Follow for more crypto news and market updates.