Kelsey could be in serious trouble as the CFTC threatens possible enforcement actions.
Kelsey could face enforcement action from the CFTC for allegedly failing to notify the agency of new contracts on its prediction market platform, with a settlement still possible.
The investigation highlights concerns about the self-approval process for introducing new products, which has drawn criticism from major Wall Street players over potential market manipulation.
A recent study revealed that over 69% of Polymarket merchants experienced losses, with the median retail account losing around $3, indicating that profitability on these platforms may be more challenging than expected.