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KLEA Crypto Daily: Monday, September 28, 2026
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Kalshi Addresses Allegations of Trading Volume Manipulation
IcoBeast.eth, head of Kalshi's cryptocurrency division, has publicly responded to allegations regarding potential manipulation of trading volumes in the company's cryptocurrency prediction market. In a statement, he clarified that the Artemis chart referenced in the concerns reflects the trading volume of the prediction market specifically, rather than that of perpetual contracts. He emphasized that Kalshi will not offer rebates for its cryptocurrency prediction market and that its methods for calculating contract numbers and notional amounts align with industry standards, ensuring comparability with other prediction markets.
Addressing claims about self-clearing members (SCM) being exclusive market makers for Kalshi, IcoBeast.eth asserted that this is inaccurate. He noted that any institution meeting the regulatory criteria can qualify as a self-clearing member on a Commodity Futures Trading Commission (CFTC)-regulated exchange, highlighting that 'fair access' is a key regulatory requirement. He also pointed out that liquidity enhancement through rebates and incentive programs is a common practice across exchanges, including major players like CME, Hyperliquid, and Binance.
Regarding Kalshi's perpetual contract offerings, IcoBeast.eth acknowledged that this segment is still developing. He stated that unlike many offshore platforms, Kalshi is obligated to publicly disclose its incentive programs, allowing for transparency in the arrangements.
Source: KLEA News