POPA ReconKalshi Crypto Trading Volumes Face Wash-Trading Allegations
Kalshi Crypto Trading Volumes Face Wash-Trading Allegations Stealth Neolab co-founder and former quant trader Beni questioned Kalshi’s crypto trading volumes, noting that ETH-PERP 24-hour volume reached approximately $539M while open interest stood at around $3.1M. He also questioned the platform’s volume calculation and display methods. Kalshi crypto lead IcoBeast said Beni had conflated crypto prediction markets with perpetual futures. He said Kalshi does not offer rebates for crypto prediction markets, while its perpetual futures market-making incentives are similar to those used by CME,…
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