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Kalshi stated that the US Commodity Futures Trading Commission (CFTC) has not contacted him, and the company does not believe that it is under formal investigation, and refutes reports that its predictive market trading activities are subject to regulatory scrutiny. Most of the trading volume in Kalshi's Bitcoin and Ethereum perpetual contract markets consists of transactions of equal size, with many Ethereum perpetual contract transactions concentrated around $5500 and Bitcoin perpetual contract transactions concentrated around $2500 or $5000. (Source: The Wall Street Journal)