Exchanges· ★★★· bearish·

Traders Question Kalshi Volume Data Over 14x Discrepancy

  • A 14-fold gap is reported between real volume and book volume on Kalshi
  • Kalshi has not disclosed its calculation methodology or commented on the discrepancy
  • The platform recently launched Bitcoin perpetuals, expanding its audience
  • The discrepancy could distort liquidity and slippage assessments
Why it matters: If confirmed, the gap would mean Kalshi's stated liquidity exceeds what is executable, distorting risk assessment and comparisons with other markets.
Source: Coincu