Kalshi’s $40 billion growth story hits tough questions about its trading volume

Written and edited by the WorldPing NewsdeskPublished Updated Original reporting: CryptoSlate
Kalshi’s $40 billion growth story hits tough questions about its trading volumeWorldPing
Image via CryptoSlate.

What happened

Kalshi is ending a trader-volume incentive program nearly a year early as scrutiny of activity in its crypto markets intensifies.

Key facts

  • Reported by CryptoSlate and published Wed, 30 Sep 2026 19:20:27 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. Visa and Mastercard Join $1 Billion Bet on Stripe-Backed OUSD

  2. Kalshi’s $40 billion growth story hits tough questions about its trading volume

  3. Uphold Adds XRP, Bitcoin Inheritance, Citing $331 Billion Stranded

Sources

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

Read the full report at CryptoSlate

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