s/brian_armstrongTRADING VOLUME•6d
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Kalshi’s crypto market volume faces wash-trading allegations
Kalshi is facing allegations that bots or coordinated trading inflated the volume of its crypto-related prediction markets. That puts the same activity into two sharply different buckets: Kalshi and supporters call it normal trading, while critics call it wash trading and question whether the platform’s perps volume reflects real customer demand. The public dispute escalated on September 23, 2026, with commenters saying Kalshi faced serious consequences.
Timeline3
Sep 22
Posts began alleging that prediction markets, including Kalshi, used wash trading or fake volume.
Sep 23
Commentary described a new Wall Street Journal article as alleging wash trading on Kalshi and said Kalshi denied the claims.
Sep 23
The dispute escalated publicly, with commenters saying Kalshi was facing serious consequences.
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