Allegations: Same $5,500 ETH Trade Made Up 48-58% of Kalshi Perp Volume on 4 Days
econoar · x · 2026-09-21
A viral thread accuses prediction-market platform Kalshi of faking perp volume: an identical $5,500-size ETH trade allegedly appeared repeatedly, making up 48%-58% of all ETH perp volume on four separate days. The author says he backed up the data across three cloud services and cites an anonymous source claiming Kalshi has volume deals that incentivize market makers to inflate activity. Another user claims the affiliate/referral program paid him $0 over three months. Claims are unverified.
Related event: Kalshi Accused of Faking Crypto Trading Volume(2 posts)→
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