CFTC investigates if Kalshi improperly self-certified event contracts

The Commodity Futures Trading Commission is investigating whether Kalshi properly notified it about proposed event contracts. Kalshi says the matter concerns a minor filing error and that it is working with the regulator; the inquiry adds to growing scrutiny of prediction markets in Washington.

Kalshi said the CFTC flagged weather-related contracts and that several contracts involved were not live, but did not say when the investigation began. Platforms can self-certify contracts without prior approval if they comply with the Commodity Exchange Act. The CFTC has also examined Kalshi’s sports “mention markets” and is conducting a broad probe into competitor Polymarket.