Kalshi Disputes CFTC Review Over $5 Billion Trading Pattern

The cryptocurrency exchange Kalshi has denied reports that it is being reviewed by the U.S. Commodity Futures Trading Commission (CFTC) over a suspicious pattern of trading in its Ether perpetual futures market.

The controversy centers on a reported cluster of rapid, nearly identical trades around $5,500 each, allegations that some observers are framing as potential wash trading.

Kalshi attributes the repeated order sizes to liquidity incentive programs that reward makers for resting orders within a price band, not to rewards for executed trade volume.