Kalshi staffer pushes back on claims of inflated crypto trading volume

  • IcoBeast.eth rejected claims that Kalshi inflated cryptocurrency trading volume.
  • ETH perpetual-futures volume reached about 174 times open interest; the top position was $17,598.
  • Earlier wash-trading allegations against Kalshi remained unsubstantiated as of September 21, 2026.

Kalshi product development staffer IcoBeast.eth rejected claims that the prediction-market platform inflated its cryptocurrency trading volume. Shaira AI co-founder Benoit Dubosson had cited ETH perpetual-futures data showing 24-hour volume of about 174 times open interest, while the top-ranked open position was only $17,598. IcoBeast.eth said the Artemis chart measured prediction-market volume share rather than perpetual-futures activity and said Kalshi does not offer rebates in that market. The staffer also said Kalshi does not arbitrarily select self-clearing members, or SCMs, and described liquidity incentives as standard exchange practice. The response follows an earlier allegation, reported by Wu Blockchain on September 21, 2026, that Kalshi inflated crypto volumes through wash trading. That claim has not been independently substantiated in the available material. Kalshi's crypto-market reporting, market-access policies and early-stage perpetual-futures business remain under scrutiny.

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