Regulation· ★★· neutral·

Kalshi ends volume incentive program effective October 13

  • —Rewards came from fixed per-market pools allocated by each trader's share of eligible volume
  • —Only trades priced between $0.03 and $0.97 counted, capped at $0.005 per contract
  • —Kalshi affiliates and participants under broker and market maker agreements were excluded
  • —Separate liquidity-focused incentive programs extend into 2027
Why it matters: Traders who optimized for the subsidy may find some strategies unprofitable, and liquidity on event contract markets could dip temporarily.
Source: Crypto Briefing
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