Kalshi said nearly $5 billion in Ether perpetual trading activity came from trades of similar size linked to its liquidity incentive programs. The prediction-market platform rejected allegations that the transactions constituted wash trading. Kalshi also said the US Commodity Futures Trading Commission had not contacted the company about the activity, according to Cointelegraph. The comments address scrutiny surrounding the scale and pattern of the trades, which involved Ether perpetual contracts. No regulatory inquiry by the CFTC was reported by Kalshi in the supplied account. The statement leaves the explanation for the activity centered on the platform’s incentive structure rather than deliberate efforts to create artificial volume. The development is relevant to ETH market observers monitoring derivatives activity and exchange liquidity, although the supplied information does not indicate any change in Ether’s price or broader market direction.
