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

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, 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.

(Reporting by Ryan Patrick Jones ​and Daphne Psaledakis; editing ​by Kanishka Singh)