Kalshi Denies CFTC Investigation Into Trading Activity

Prediction market platform Kalshi has denied being under formal investigation by the Commodity Futures Trading Commission (CFTC) following reports of suspicious trading patterns. Research firm Stealth Neolab previously identified high volumes of identical $5,500 trades on the platform's Ethereum (ETH) contracts. Kalshi attributed these patterns to its liquidity incentive program, which rewards participants for providing market depth.