CFTC Scrutinizes Kalshi After $5 Billion in Near-Identical Ether Perpetual Trades, WSJ Reports
Key Highlights The Commodity Futures Trading Commission is reviewing unusual trading patterns on Kalshi involving nearly one million ether perpetual futures trades clustered around $5,500, representing over $5 billion in volume. Kalshi denies wash trading allegations, attributing the pattern to market makers maintaining fixed resting orders and hundreds of distinct traders participating in the transactions. ...