Kalshi faces potential sanctions from the U.S. Commodity Futures Trading Commission over whether it properly provided advance notice for dozens of new products, Politico reported, citing people familiar with the matter. The inquiry has lasted several months, and the agency could act soon. Kalshi spokesperson Elisabeth Diana said the issue involved procedural errors affecting some contract submissions, many of which were never launched, and that the company is addressing the matter. The CFTC is also reviewing how exchanges self-certify new products, a process that allows listings to reach markets quickly. In July, the agency warned prediction-market operators against using overly broad language when certifying new products. Kalshi is valued at $40 billion and rival Polymarket at $21 billion; Polymarket is separately under investigation over whether it violated a 2022 settlement requiring it to block U.S. users.