TREE NEWS update: Kalshi said the CFTC has not contacted it over nearly $5 billion in similarly sized Ether perpetual trades, activity the prediction market attributed to its liquidity incentive programs. The company rejected allegations that the trading was wash trading. Kalshi did not disclose when the trades occurred or the size of individual orders.
Kalshi Says CFTC Has Not Contacted It Over $5B Ether Perpetual Trading
AI take
The notable part is not the denial but the disclosure gap: Kalshi confirms the aggregate figure while withholding timing and order-level detail, which is precisely what would distinguish incentive-driven volume from wash trading. That leaves the dispute resting on regulatory silence rather than evidence, since no CFTC contact means no third party has yet tested the claim. Whether the agency opens an inquiry, and whether Kalshi releases order-level data, is the open question.
Generated by AI for reference only.
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