Kalshi faces ‘fake crypto volume’ allegations as critic flags identical $5,500 trades

Kalshi attributed the discrepancy to how headline volume is calculated, rather than to actual cash spending.

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AuthorCoinDesk Reporting source
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What happened?

Kalshi said its reported volume reflects an industry convention that counts maximum potential payouts rather than cash spent. The company made the clarification while facing criticism over reported activity, and pointed to public regulatory filings in its transparency argument.

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