Wall Street regulator poised to bring charges against Kalshi, Politico reports

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.