Kalshi faces scrutiny over reported Ethereum trading volume
By The Weekly Edge desk · · Updated
Summary
Kalshi faces scrutiny over its crypto-perpetual trading volumes, Gambling Insider reported. A quantitative analyst flagged Ethereum turnover of $539m over 24 hours against open interest of $3.1m, raising questions about how prediction markets calculate trading activity.
Why it matters
The disparity between Ethereum turnover and open interest raises questions for investors assessing Kalshi’s reported trading activity.