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. CFTC did not immediately respond to a Reuters ⁠request ⁠for comment.