CFTC Probes Whether Kalshi Properly Filed New Event Contracts

The CFTC is examining whether Kalshi properly submitted proposed event contracts, placing the platform’s self-certification process under regulatory scrutiny.

The CFTC flagged weather-related contracts. “The notice is about a procedural error involving the submission of a handful of contracts, many of which weren’t live,” Elisabeth Diana, Kalshi’s head of communications, said. “We are already addressing the issue,” Elisabeth Diana, Kalshi’s head of communications, said.

Prediction-market platforms can certify event contracts themselves without advance CFTC approval, provided the contracts comply with the Commodity Exchange Act. This process can speed up the introduction of new contracts, but the inquiry centers on whether Kalshi properly notified the regulator about its submissions. The CFTC declined to comment on the investigation.

The inquiry follows an August CFTC order directing Kalshi to remove sports-related “mention markets,” which let users trade on what people would say in broadcasts or speeches, while the agency reviewed that contract type.