Predict that market giants will be targeted by the CFTC! Rumor has it that Kalshi's alleged product was reported to be in violation, and the accusation may soon be implemented

The Zhitong Finance App learned that according to people familiar with the matter on Tuesday, the US Commodity Futures Trading Commission (CFTC) has issued a warning to predictive market startup Kalshi and is about to file a lawsuit against it. The investigation is aimed at whether dozens of new products on the platform have been reported to regulators in accordance with regulations.

The person familiar with the matter, who requested anonymity, said that the notice from the supervisory authority means that the relevant charges will soon be officially implemented, and the relevant decisions have not yet been disclosed to the public.

Kalshi responded in a statement that the CFTC's warning “involved only a few omissions in the contract filing process, and most of these contracts were not traded online.” “We are already working to rectify this issue,” the company added.

The CFTC did not immediately respond to a request for comment.

According to information, in 2024, Kalshi won a lawsuit with the CFTC and was approved to list various event-based derivatives. Since then, the platform's product landscape has expanded rapidly. However, prediction market platforms such as Kalshi and its counterpart Polymarket have always been subject to controversy: critics believe that such products are essentially similar to gambling and can easily induce addictive behavior.

In recent months, Kalshi has begun an expansion strategy to compete with traditional exchanges such as CME.US (CME.US) and the New York Stock Exchange's parent company ICE.US (ICE.US). The platform is no longer limited to event contracts, but uses perpetual futures to expand into multiple asset classes.

Perpetual futures, often referred to as “Perps” for short in the industry, are a type of derivative contract with no expiration date. Traders can hold positions indefinitely without rollover; this variety generally supports high leverage, and fluctuations in profit and loss will be amplified.

At the end of last month, Kalshi completed a round of financing, co-led by Sequoia Capital and Wellington. The scale raised was 1 billion US dollars, and the post-investment valuation reached 40 billion US dollars. This financing result also confirms that the popularity of this type of market continues to rise, and there is strong interest in institutional funding.