Prediction market platform Kalshi has filed with the U.S. Commodity Futures Trading Commission to end its trading volume incentive program on Oct. 13 instead of Oct. 1, 2027, according to Odaily. The filing was submitted on Sept. 28 and did not give a reason for the change. The update comes after roughly $5 billion in near-identical trades appeared in Kalshi’s Ethereum perpetual futures market, drawing attention from the CFTC. In August, the CFTC’s Division of Market Oversight warned that incentives tied to trading volume could encourage wash trading. CFTC Chair Selig may also take action this week on promotional activity related to prediction markets.
Prediction market platform Kalshi filed with the U.S. Commodity Futures Trading Commission on Sept. 28 to move up the end date of its trading volume incentive program to Oct. 13 from Oct. 1, 2027, according to Odaily. The filing did not explain the reason for the change.
Earlier, Kalshi’s Ethereum perpetual futures market saw about $5 billion in near-identical trades, a development that drew CFTC attention.
In August, the CFTC’s Division of Market Oversight warned that incentives linked to trading volume could encourage wash trading. CFTC Chair Selig may also take action this week on promotional activity involving prediction markets.
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