CFTC

“nearly one million trades in a single ether market were placed in nearly identical $5,500 amounts, accounting for more than $5 billion in volume. The CFTC is examining the activity, while Kalshi says it found no evidence of wash trading.”

“Selig insists, implausibly but with the power of the government behind him, that the ability of American businesses to freely hedge their risks requires that Washington override all state regulation of sports betting.”