Kalshi, a CFTC-regulated prediction-market platform, is accused of inflating its crypto perpetual-futures trading volume, particularly in its ether perpetual contract. A former quant highlighted suspicious trading patterns such as extremely high turnover rates and repeated trade sizes, suggesting wash trading to boost reported volume. Kalshi responded by clarifying differences in product types and volume reporting methods, and no regulatory enforcement has been announced. This controversy raises questions about transparency and metrics in early-stage US crypto perpetual markets.
Kalshi's wash trading allegations and ether perpetual volume ratio are notable crypto market topics. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Sep 21, 2026 21:02 WIB: out of 50 priced major cryptocurrencies, 47 rose and 2 fell. Dogecoin (DOGE) rose 10.45% to Rp1.660 with a typical hold time of 109 days and 79% sell order activity; Solana (SOL) rose 9.93% to Rp2.106.074 with 62% buy order activity; Aave (AAVE) rose 9.92% to Rp2.592.855 with 79% sell order activity.
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