Kalshi faces ‘fake crypto volume’ allegations as critic flags identical $5,500 trades
Source: CoinDesk ·
From the source
Kalshi clarified that its inflated headline volume stems from an industry-wide convention tracking maximum potential payouts rather than actual cash spent, emphasizing its public regulatory filings ensure absolute transparency. Regulated U.S. prediction market Kalshi is facing intense scrutiny over its newly launched crypto perpetual futures contracts, after a social media post flagged highly unusual market activity, alleging fake trading volumes. The primary friction point is tied to how a healthy market is quantified, with allegations focusing on large trading volume relative to number of open positions. IcoBeast.eth , who oversees product development at Kalshi, argued on X that the accusations stem from a misunderstanding of its platform mechanics. CoinDesk reached out to Kalshi for further comment but did not receive an immediate response. The controversy began after a quantitative analyst and co-founder of Stealth Neolab, who goes by the name Beni on X , flagged a massive…