Kalshi Hit by Fake Crypto Volume Allegations Over Identical $5,500 Trades

Kalshi, a U.S.-regulated prediction market platform, is facing allegations of fake crypto trading volume after a prominent critic flagged a series of identical $5,500 trades. The suspicious transactions, which appear repeatedly on the platform, have raised concerns about wash trading and artificially inflated activity. The critic pointed out that the matching trade sizes suggest possible manipulation rather than genuine market interest. Kalshi has not yet issued a detailed response to the allegations. The incident adds to growing scrutiny of crypto and prediction market platforms over transparency and data integrity. Traders and analysts are now watching closely to see whether regulators will investigate the claims and whether Kalshi can restore confidence in its reported volumes.