Published • loading... • Updated
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.
Insights by Ground AI
16 Articles
16 Articles
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
Total News Sources16
Leaning Left0Leaning Right1Center2Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
C 67%
R 33%
Factuality
To view factuality data please Upgrade to Premium
