According to CoinMeta, the U.S. Commodity Futures Trading Commission (CFTC) is investigating whether there is wash trading on the platform Kalshi. The commission alleges that since August, there have been nearly 1 million abnormal transactions on the Ethereum futures market of platform Kalshi with similar amounts. Kalshi denied the existence of fraudulent transactions in a blog post and explained that repeated quotes are a behavior of market makers. Co-founder Luana Lopes Lara stated that it is normal for exchanges to take such measures to attract large traders into new markets.