Every story we've covered involving volume-reporting.
Kalshi’s crypto perpetual contracts are under scrutiny after a quantitative analyst flagged what he described as a $539 million 24-hour trading volume on an ether perpetual alongside only $3.1 million in open interest, and highlighted repetitive $5,500 trades that he said accounted for a large share of volume. Kalshi staff responded that the headline volume metric follows an industry convention that counts maximum potential payouts rather than cash exchanged, and pointed to public CFTC filings as evidence of transparency around fees and incentives.
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