Report: CFTC Eyes Unusual $5B Trading Pattern on Kalshi ETH Perpetuals

• The CFTC is investigating unusual trading patterns in Kalshi's Ethereum perpetual futures market, where nearly one million trades have clustered around a $5,500 order size, totaling over $5 billion in volume.
• Kalshi denies allegations of wash trading, claiming the order sizes result from normal market-making activities and that self-trading is blocked and monitored.
• The scrutiny comes as Kalshi faces legal challenges, including lawsuits over unlicensed sports betting and regulatory actions in New York, while also enforcing strict rules against users manipulating contracts.

https://cryptopotato.com/report-cftc-eyes-unusual-5b-trading-pattern-on-kalshi-eth-perpetuals/