Kalshi Fires Back at Wash Trading Claims, Blames Liquidity Providers for $5B Pattern
Summary
Kalshi is pushing back against a Wall Street Journal analysis that found over $5 billion in ether perpetual futures volume came from nearly identical $5,500 trades, with over one-third of its Ethereum volume clustered around that size. The company says wash trading is explicitly banned in its rulebook and attributes the pattern to its liquidity-provider program, where market makers post resting orders at fixed sizes. This follows yesterday's WSJ report and adds Kalshi's official response, which could influence regulatory scrutiny and trader confidence. The CFTC has not commented, and the platform faces ongoing legal battles in multiple states.
This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.