WASHINGTON, Nov 10 (Reuters) - 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.
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.
(Reporting by Ryan Patrick Jones and Daphne Psaledakis)