Kalshi says CFTC hasn’t contacted it over ‘unusual’ $5B trading activity

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: Cointelegraph
Kalshi says CFTC hasn’t contacted it over ‘unusual’ $5B trading activityWorldPing
Image via Cointelegraph.

What happened

Kalshi said nearly $5 billion in similarly sized Ether perpetual trades reflected its liquidity incentive programs and rejected allegations that the activity was wash trading.

Key facts

  • Kalshi said nearly $5 billion in similarly sized Ether perpetual trades reflected its liquidity incentive programs and rejected allegations that the activity was wash trading.
  • Reported by Cointelegraph and published Thu, 24 Sep 2026 00:53:09 UTC.

Why it matters

Digital-asset markets react to catalysts within minutes, and liquidity, ETF flows and regulatory signals are usually what decide whether a move sticks.

What to watch next

  • Whether spot volume and open interest confirm the move
  • Liquidation clusters around the current price
  • ETF flow data and any regulatory follow-up

Coverage timeline

When each newsroom published on this story, oldest first — all times UTC.

  1. ‘Not behind closed doors’: Senate Banking Democrats call for prediction markets hearing as GOP meets privately with Kalshi

  2. $1 billion in trading volume masks hidden liquidity risks for Coinbase stock token holders

  3. Kalshi says it is not being investigated by the CFTC over trading activity

  4. US lawmakers from gaming states urge SCOTUS to take up Kalshi case

  5. Kalshi says CFTC hasn’t contacted it over ‘unusual’ $5B trading activity

Sources

The original report was published by Cointelegraph. WorldPing does not claim that reporting — this page summarises and contextualises it.

Read the full report at Cointelegraph

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