Kalshi to Terminate Volume Incentive Program Early Amid Regulatory Scrutiny

Prediction market operator Kalshi is ending its Volume Incentive Program early, with termination set for no sooner than Oct. 13. The decision follows increased regulatory attention from the CFTC regarding trading patterns in its perpetual futures markets, specifically involving repetitive trades at fixed dollar amounts. Kalshi has denied allegations of wash trading and is transitioning to a more flexible framework for trader rewards.