The U.S. Commodity Futures Trading Commission (CFTC) has warned prediction market platform Kalshi that it may face imminent charges over alleged failures to follow required notification procedures for dozens of planned new contracts. The investigation, which has been underway for several months, centers on whether Kalshi properly notified regulators before submitting these contract filings. A Kalshi spokesperson acknowledged the warning, attributing it to "procedural errors in the submission process for a small number of contracts," many of which have not yet gone live. The company stated it is already addressing the issues. Separately, the CFTC is also conducting an investigation into rival prediction market platform Polymarket.