Kalshi says it is not under CFTC investigation over prediction market trading

Kalshi said it is not under investigation by the U.S. Commodity Futures Trading Commission over prediction market trading activity, according to CoinDesk. The company said it has not received any contact from the CFTC. The statement followed earlier reports alleging that more than half of trading volume in Kalshi’s Bitcoin and Ethereum perpetual futures markets was driven by repetitive trading by a specific bot. The CFTC has said roughly 1 million trades in the Ethereum market appeared to have been executed in similar amounts, and it would decide whether to open an enforcement probe after reviewing Kalshi’s trading records.