Kalshi faces wash trading allegations over suspicious volume patterns

Prediction market platform Kalshi is under scrutiny following allegations of wash trading to artificially inflate volume on its perpetual futures markets. Reports indicate that thousands of identical orders, including a recurring $5,500 order, have raised concerns among traders. Kalshi denies the claims, stating that its rebate program is a standard industry practice similar to those at CME, Binance, and Hyperliquid, and that it is compliant with Commodity Futures Trading Commission (CFTC) regulations. No formal investigation by the CFTC has been opened at this time.