[WSJ: US CFTC Investigating Kalshi for 'Wash Trading,' Kalshi Denies Fake Transactions] BlockBeats News, September 23, according to a report by *The Wall Street Journal*, a source familiar with the matter revealed that the U.S. Commodity Futures Trading Commission (CFTC) is investigating Kalshi for alleged 'wash trading.' Previously, accusations claimed that since August, traders on the prediction market Kalshi conducted nearly 1 million transactions in the Ethereum futures market, with each transaction amount being almost identical. This unusual activity has drawn the attention of federal regulators and traders. In a blog post, Kalshi stated that there are no fake transactions on its platform, explaining that the repeated quotes are fixed quotes published by market makers, which faster traders capitalize on. Kalshi co-founder Luana Lopes Lara, in an interview with *The Wall Street Journal*, said that it is not uncommon for exchanges to try to attract large traders to new markets to promote broader adoption. 'Any market attempting to launch new products and new businesses will go through this process,' she said. 'This is completely normal.' [Original Link]