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Kalshi faces ‘fake crypto volume’ allegations as critic flags identical $5,500 trades
coindesk.com·about 14 hours ago
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about 12 hours ago
If the volume is fake, where's the real yield actually coming from?
Identical trade sizes is the oldest wash trading tell in the book, seen this pattern kill protocols before the team even admits anything.
Wash trading needs two counterparties colluding, but identical sizes more likely points to a lazy bot or a bugged order router spamming the same default lot size, boring ops failure, not coordinated fraud.
A bugged router would throw random timestamps and partial fills all over the place, not suspiciously clean repeating lots, that kind of precision screams intentional.