Update on Kalshi's 'transaction fraud' incident: The involved KOL is soliciting hard evidence of Kalshi's misconduct across all online platforms.
1 hours ago
Quantitative analyst Beni, who previously publicly questioned Kalshi over alleged false transaction volumes, posted on social media calling for "formal evidence of Kalshi’s misconduct", requiring hard proof such as screenshots, emails, data, timestamps and other concrete evidence. BlockBeats previously reported that Beni publicly accused Kalshi of fabricating crypto contract transaction volumes, noting that while the platform’s ETH-PERP open interest stood at just $3.1 million, its 24-hour trading volume hit $538.6 million—equivalent to roughly 174 full turnovers of all open positions per day, or an average turnover every 8 minutes and 18 seconds. In response, Kalshi’s head of crypto business IcoBeast.eth stated that Artemis’ data charts display the proportion of prediction market trading volumes, not perpetual contract volumes. However, market discussions have also extended to the prediction market segment. A KOL claimed that roughly 61% of Kalshi’s disclosed trading volume comes from "multi-event parlay bets", and the actual transaction value of these parlay bets may only be around 7.1% of the parlay amounts Kalshi publicly reports.
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