US CFTC Investigates Kalshi Over Alleged Wash Trading; Platform Denies Fake Trading

TechFlow reports that on September 23, citing The Wall Street Journal, the U.S. Commodity Futures Trading Commission (CFTC) is investigating prediction market Kalshi over alleged wash trading.

Kalshi denied conducting fake trades, stating that the duplicate orders stemmed from market makers' fixed pricing, and added that incentivizing large participants to inject liquidity during the launch phase of new markets is a standard industry practice.