Kalshi clarified that its inflated headline volume stems from an industry-wide convention tracking maximum potential payouts rather than actual cash spent, emphasizing its public regulatory filings ensure absolute transparency. Kalshi’s crypto lead denied wash trading allegations after a quant analyst flagged a $539M trading volume alongside a $3.1 million open interest anomaly fueled by repetitive $5,500 trades. The analyst alleged that a CFTC-filed net-zero fee schedule incentivized fake trad…
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