Kalshi rejects wash trading claims over perpetual futures volumes

23rd September, 2026

Zak Jakubowski
Trading volumes

Kalshi has rejected claims that trading activity in its crypto perpetual futures amounts to "wash trading", arguing that the patterns reflect liquidity incentives and competition between market makers and other traders.

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ABN AMRO
Bank of America
CBOE
Citi
Goldman Sachs
DRW Holdings
HSBC
J.P Morgan
Marex
Morgan Stanley
SGX
SocGen
Susquehanna
MUFG Investor Services
TP ICAP
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