Kalshi defends volume figures amid fake crypto trade allegations

Prediction market platform Kalshi has come under scrutiny after a critic flagged suspicious patterns, including allegedly identical $5,500 trades, raising questions about its reported trading volumes. The company clarified that its headline volume figures reflect maximum potential payouts rather than actual cash exchanged, a convention it says is common across the industry. Kalshi maintained that its practices are fully transparent, pointing to its public regulatory filings as evidence. The controversy highlights broader questions about how trading volumes are calculated and reported in prediction markets.