Suspicious Trading Bot Ceases Activity on Kalshi Amid Wash Trading Allegations

A trading bot that executed uniform, repetitive trades on a Kalshi prediction market has stopped operating following accusations of wash trading. Quant analyst Beni previously alleged that Kalshi's ETH perpetual contract volume was inflated, citing a high volume-to-open-interest ratio and suspicious trade patterns. While Kalshi's crypto lead, IcoBeast.eth, initially dismissed the claims, they later apologized for their tone. Analysts had specifically flagged a bot on the Zohran Mamdani 2028 Democratic Presidential Nominee market for its metronomic trading behavior.