Business & Finance
Wall Street regulator poised to bring charges against Kalshi, Politico reports
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Wall Street regulator poised to bring charges against Kalshi, Politico reports WASHINGTON, Nov 10 : A top federal financial regulator has warned Kalshi of potentially imminent charges, Politico reported on Tuesday, citing a person with direct knowledge of the probe. Politico reported that the Commodity Futures Trading Commission is investigating whether Kalshi failed to properly notify the agency about dozens of new products, and that the agency's notification to the prediction market...
Wall Street regulator poised to bring charges against Kalshi, Politico reports
WASHINGTON, Nov 10 : A top federal financial regulator has warned Kalshi of potentially imminent charges, Politico reported on Tuesday, citing a person with direct knowledge of the probe.
Politico reported that the Commodity Futures Trading Commission is investigating whether Kalshi failed to properly notify the agency about dozens of new products, and that the agency's notification to the prediction market suggests the charges could come soon.
Kalshi spokesperson Elisabeth Diana said in a statement that the CFTC's warning "is about a procedural error involving the submission of a handful of contracts, many of which weren't live," according to Politico.
"We are already addressing the issue," Diana added in the statement cited by Politico.
CFTC did not immediately respond to a Reuters request for comment.