Illustration of Yes and No event contract outcomes under a magnifying glass, representing CFTC scrutiny of Kalshi

CFTC Invokes Emergency Authority as New York Seeks to Halt Kalshi Event Contracts

WASHINGTON, August 11, 2026 — The Commodity Futures Trading Commission invoked its emergency authority and ordered KalshiEX LLC to continue operating its exchange under normal practices and the Commodity Exchange Act’s Core Principles, escalating a jurisdictional dispute over New York’s attempt to apply state gambling laws to the federally regulated prediction-market operator.

Illustration of a binary event contract

CFTC Orders George Santos to Pay $35,000 Over Manipulative Event Contract Trading

WASHINGTON, July 31, 2026 — The Commodity Futures Trading Commission has ordered former U.S. Congressman George Anthony Devolder Santos to disgorge $17,569.98 in profits and pay a $17,500 civil monetary penalty after the agency found that he engaged in manipulative conduct in connection with trading a Kalshi event contract tied to his attendance at the 2026 State of the Union.

Interlocking puzzle pieces representing the CFTC's policy framework for reviewing and listing perpetual contracts

CFTC Issues Policy Statement on Perpetual Contracts

WASHINGTON, May 29, 2026 — The Commodity Futures Trading Commission issued a policy statement outlining its views on the listing of perpetual contracts, stating that perpetual contracts referencing asset classes not contemplated in the Commission’s approval of KalshiEX LLC’s BTCPERP futures contract should be submitted for review and approval under the voluntary product approval process set out in Commission Regulation 40.3.

Scale icon representing market integrity in CFTC advisory on prediction markets

CFTC Issues Advisory on Prediction Markets Following Kalshi Enforcement Matters

WASHINGTON, February 25, 2026 — The Commodity Futures Trading Commission said its Division of Enforcement has issued an advisory following the public release of two enforcement matters involving misuse of nonpublic information and fraud in prediction markets, also known as event contracts, traded on KalshiEX, a Designated Contract Market.