According to POLITICO, the CFTC has warned that prediction market platform Kalshi may face enforcement charges.
According to POLITICO, the U.S. Commodity Futures Trading Commission (CFTC) has warned prediction market platform Kalshi that it could face enforcement action over its alleged failure to properly notify the agency regarding dozens of proposed contracts. Kalshi responded that the issue involves procedural filing errors affecting a small number of contracts, many of which were never listed, and that it is currently working to resolve the matter. The investigation focuses on the self-certification process that allows exchanges to launch new contracts without explicit CFTC approval, while the agency is also investigating whether Polymarket has violated a 2022 settlement agreement restricting U.S. user access.
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