Kalshi Crypto Markets Face Scrutiny Over Wash Trading Allegations

Kalshi's crypto-linked prediction markets are facing scrutiny over alleged wash trading and artificial liquidity in certain contracts.

The concerns center on short-duration cryptocurrency markets, particularly contracts tied to intraday Bitcoin price movements such as 5-minute and 15-minute outcomes.

Data reviewed by independent analysts shows repeated instances of trades occurring at identical prices and sizes within seconds, as well as unusually high proportions of maker activity relative to taker participation.