{
  "id": 9456412,
  "title": "Kalshi says CFTC hasn’t contacted it over ‘unusual’ $5B trading activity",
  "url": "https://urgent.news/2026/09/24/kalshi-says-cftc-hasnt-contacted-it-over-unusual-5b-trading-activity",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-24T00:53:09.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/kalshi-says-cftc-hasnt-contacted-it-over-unusual-5b-trading-activity"
  },
  "original_language": "en",
  "account": "Prediction markets operator Kalshi has dismissed allegations of wash trading in $5 billion of similar-sized Ether perpetual trades, stating the activity is due to its liquidity incentive programs. The Wall Street Journal reported on Tuesday that the CFTC is investigating a pattern of rapid trades around $5,500, with sources familiar with the matter. Kalshi has not been contacted by the CFTC and maintains it is not facing a formal examination. Elisabeth Diana, Kalshi's head of communications, described the allegations as \"rumors seeded by competitors.\" The rapid trades, each around $5,500, accounted for over $5 billion in Ether perpetual volume over the past month. Kalshi attributed the repeated trade sizes to programs that reward market makers for keeping buy and sell orders available at specified sizes and price ranges. Market makers help financial markets function by providing ready counterparties for traders to trade with.",
  "summary": "Kalshi said nearly $5 billion in similarly sized Ether perpetual trades reflected its liquidity incentive programs and rejected allegations that the activity was wash trading.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}