Update
Kalshi Faces CFTC Investigation for New Contracts
Kalshi may face enforcement action from the CFTC for allegedly failing to notify the agency about new contracts on its prediction market platform. The investigation highlights concerns over the self-certification process for introducing new products, which has attracted criticism from major Wall Street players regarding potential market manipulation. A recent study revealed that over 69% of traders on Polymarket experienced losses, with the median retail account losing around $3.