Suspicious Kalshi bot halts trading amid wash trading allegations
- —Analyst Beni: Kalshi ETH perp volume of $539M vs just $3.1M open interest
- —$5,500 trades made up 58% of ETH perp volume over four days
- —Bot bought shares at 0.2 cents and sold at 0.1 cents every 4 seconds for nearly two months
- —Kalshi published an article denying the wash trading rumors
Why it matters: The allegations raise doubts about the reliability of volume data on prediction markets, which are growing fast and drawing institutional interest.
Source: Protos