Kalshi Reports High Trading Volume Amid CFTC Scrutiny
- Kalshi’s ether perpetual recorded approximately $539 million in trading volume over a single day.
- Open interest stood at just $3.1 million, indicating a significant disparity between volume and open interest.
- Trades of exactly $5,500 constituted about 48% to 58% of the notional volume on four separate days in September.
- Kalshi attributes trading patterns to its liquidity incentive program designed to encourage market participation.
- The company claims to have robust surveillance measures in place to prevent wash trading and self-trading activities.
The scrutiny from the CFTC comes as prediction markets gain traction, raising questions about how platforms report trading volume and manage participant activity. Kalshi’s reported trading patterns have drawn attention due to their unusual characteristics and high volumes.
With $539 million in daily trading volume against only $3.1 million in open interest, Kalshi’s operations are under close observation by regulators.(Source)
