Kalshi Says CFTC Hasn’t Contacted It Over $5B Trading
Kalshi said the CFTC has not contacted it and that repeated trade sizes on its markets reflect liquidity incentives, not wash trading.
- The Commodity Futures Trading Commission is reportedly examining trading activity on Kalshi amid allegations of wash trading, though the exchange maintains it has not been contacted regarding a formal investigation.
- CoinDesk and The Wall Street Journal reported early Tuesday that a majority of volume on Kalshi's perpetual markets comprised identically-sized trades, including nearly one million trades in similar amounts.
- Stealth Neolab co-founder Beni noted Kalshi's ether perpetual recorded about $539 million in 24-hour volume against $3.1 million in open interest, with trades of exactly $5,500 comprising 48% to 58% of volume.
- Kalshi spokesperson Elisabeth Diana attributed these patterns to liquidity incentive programs, stating the exchange has "tons of tools" and a full surveillance team to prevent wash trading and self-trading.
- This scrutiny reflects growing regulatory focus on how prediction markets report volume and police activity, as the CFTC routinely reviews daily data submissions provided by the exchange.
19 Articles
19 Articles
Cointelegraph
The New York LedgerKalshi Says CFTC Hasn’t Contacted It Over $5B Trading
Kalshi said nearly $5 billion in similarly sized Ether perpetual trades reflected its liquidity incentive programs and rejected allegations that the activity was wash trading.
Kalshi Reports No CFTC Contact Over ‘Unusual’ $5B Trading Activity
Kalshi said nearly $5 billion in similarly sized Ether perpetual trades were linked to its liquidity incentive programs, while the company rejected claims that the activity amounted to wash trading. Prediction market operator Kalshi said the Commodity Futures Trading Commission has not contacted the company and that it is unaware of any formal examination, following […]
$5 Billion of Nearly Identical Kalshi Trades Draw CFTC Scrutiny
Almost one million trades of nearly the same size have moved through a single Kalshi market since August, and federal regulators are looking at them, as reported by The Wall Street Journal. Based on the exchange’s public data, the pattern is still running on Wednesday morning—and regulators are reportedly looking into it. One Order Size […]
Kalshi Says CFTC Hasn’t Contacted It Over $5B “Unusual” Trading
Kalshi has pushed back against reports that the U.S. Commodity Futures Trading Commission (CFTC) is reviewing a suspicious pattern of trading in its Ether perpetual futures market. The exchange says it has not been contacted by regulators and doubts there is any formal examination underway. The controversy centers on a reported cluster of rapid, nearly [...]
Coverage Details
Bias Distribution
- 75% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
