U.S. CFTC weighs action over Kalshi’s alleged notice lapses on new products

The U.S. Commodity Futures Trading Commission is investigating whether prediction market platform Kalshi violated rules tied to new product launches and could impose sanctions soon, Politico reported, citing people familiar with the matter. According to the report, the CFTC is examining whether Kalshi failed to provide proper advance notice for dozens of new products under development. Kalshi said the matter involved procedural errors in the submission process for some contracts and said many of those contracts were never actually launched. Kalshi added it is already addressing the issue. The CFTC is also watching exchanges’ self-certification process, which allows new products to be launched quickly. In July, the agency warned prediction market operators not to use overly broad language when certifying new products.