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Kalshi denies wash trading of crypto volume

The exchange said the repeating trade size came from a market maker it compensates to keep orders on the book, and that maker was losing money to faster traders.

Reported · Written up by our desk · Market Structure

Kalshi denied allegations of wash trading after repeating trade sizes prompted accusations over the weekend, according to The Defiant.

The exchange said the pattern originated from a market maker it pays to keep orders on its book.

Kalshi also said that market maker was losing money to faster traders, framing the activity as competitive execution rather than artificial volume.

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