The Commodity Futures Trading Commission (CFTC) has privately warned Kalshi, the prediction market operator valued at $40 billion, that enforcement charges could arrive soon, according to COINOTAG. News of the warning broke on Tuesday, November 10, 2026.

The inquiry examines whether the exchange failed to properly notify the agency in connection with dozens of newly listed contracts, the report said.

Kalshi operates a CFTC-regulated exchange where traders buy and sell event contracts tied to the outcomes of real-world events, including elections, economic data releases, weather, and sports. Founded in 2018, the New York-based company received federal approval in 2020 to operate as a designated contract market, a license permitting it to list such products in the United States.

Under the CFTC's framework, designated contract markets generally self-certify new products, notifying the agency that each contract complies with federal commodities law before it goes live for trading.

Kalshi and the CFTC have previously clashed in court. In 2023, the agency sought to block the exchange from listing contracts on congressional election outcomes, but a federal court ruled in Kalshi's favor, allowing the contracts to trade. That earlier dispute turned on whether election contracts could be listed at all, whereas the current inquiry concerns the notification process behind dozens of new listings.

Since then, event contracts have grown into one of the fastest-expanding corners of the U.S. derivatives market, drawing heightened attention from lawmakers and regulators. Kalshi has broadened its listings to include contracts on sports and other recurring events, a category that has drawn ongoing public debate over how such products should be regulated. Because self-certification is the general pathway through which these contracts reach the market, the process now under examination is the same mechanism that determines how new event contracts go live for trading.

The report stops short of saying charges have been filed and does not describe any public comment from Kalshi or the CFTC. Open questions include whether formal charges follow, which specific contracts are cited, and how the agency's notification requirements apply to the products at issue.

This content was first published on COINOTAG: https://en.coinotag.com/cftc-warns-kalshi-charges-new-product-contracts