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00:02The U.S. Commodity Futures Trading Commission has warned prediction market startup Kalshi
00:07of potential charges over whether it properly notified the agency about dozens of new products,
00:13Reuters reported Tuesday. Kalshi said the warning concerns a procedural error involving a handful
00:19of contracts, many of which were not live. The company said it is addressing the issue.
00:25Kalshi has rapidly expanded its offerings since winning a legal battle against the CFTC in 2024.
00:32The company has also moved beyond event-based contracts into perpetual futures as it seeks
00:37to compete with traditional exchange operators. Kalshi raised $1 billion at a $40 billion valuation
00:45late last month in a funding round co-led by Sequoia and Wellington.
00:49For all things money, visit Benzinga.com.
