Scrolling to Cryptopolitan: The prediction market platform Kalshi has filed with the CFTC, planning to shut off its Volume Incentive Program no earlier than October 13—the scheme that splits rewards from the pool based on trading volume.
In the same window, regulators are also looking at Ethereum perpetual trading on the platform with roughly $5 billion-plus in “near-same price, same quantity” executions. In a CoinDesk sample, 57% of ETH perpetual contracts were squeezed into the area around about $5,499; others noted the contrast between roughly $539 million in daily trading volume versus about $3.1 million in open positions. Kalshi denies wash trading, saying the repeated trades were formed when market makers placed orders that were repeatedly consumed.
In September, platform trading volume was about $53 billion, setting a record. The talks also include roughly $1 billion in financing and an estimated valuation of about $40 billion. With the incentive turned off, it should be clearer whether the volume is real.
$ETH #Kalshi #CFTC #prediction market
In the same window, regulators are also looking at Ethereum perpetual trading on the platform with roughly $5 billion-plus in “near-same price, same quantity” executions. In a CoinDesk sample, 57% of ETH perpetual contracts were squeezed into the area around about $5,499; others noted the contrast between roughly $539 million in daily trading volume versus about $3.1 million in open positions. Kalshi denies wash trading, saying the repeated trades were formed when market makers placed orders that were repeatedly consumed.
In September, platform trading volume was about $53 billion, setting a record. The talks also include roughly $1 billion in financing and an estimated valuation of about $40 billion. With the incentive turned off, it should be clearer whether the volume is real.
$ETH #Kalshi #CFTC #prediction market
