Kalshi rejects wash trading allegations as critics say $1.91B volume is inflated by counting parlays at full payout

Kalshi rejected allegations of wash trading on its platform, as critics accused the prediction market of inflating its $1.91B volume by counting parlays at their full potential payout — a $1 bet paying 14.1x counted as $14.10 in volume, per one analysis. The volume-to-open-interest ratio on its ether perpetual futures reached 174x, according to Crowdfund Insider.

Detected & updated continuously · Source: Nebula