Event Contracts - GoKawiil

CFTC Warns Kalshi of Possible Charges Over Unreported Event Contracts

The US Commodity Futures Trading Commission has notified prediction market Kalshi that it may face charges following an investigation into dozens of financial products the company allegedly offered without proper CFTC notification. Politico reports the probe centers on weather-related 'event contracts,' and Reuters cites an anonymous source suggesting formal charges could follow soon. Kalshi says the issue is a minor 'procedural error' involving a handful of contracts, many not yet live, which it is already correcting.

futurism.com · 2026-11-11

Kalshi sued by Washington bettor seeking $580,000 after $308,000 in trading losses

Scott Bright of Bellevue, Washington filed suit in King County Superior Court alleging he deposited roughly $315,000 into Kalshi over eight weeks via 253 bank transfers, which the platform turned into more than $14.3 million in trades on sports events. He says he lost about $308,782 while Kalshi collected nearly $90,000 in fees, and is now seeking over $580,000 in recovery. Kalshi has moved to shift the case to federal court, dismiss it, and pause proceedings, arguing it is a neutral exchange that matched his trades with other counterparties rather than taking the other side itself.

techspot.com · 2026-11-10