Regulated U.S. prediction market Kalshi is facing intense scrutiny over its newly launched crypto perpetual futures contracts, after a social media post flagged highly unusual market activity, alleging fake trading volumes. The primary friction point is tied to how a healthy market is quantified, with allegations focusing on large trading volume relative to number of open positions. IcoBeast.eth, who oversees product development at Kalshi, argued on X that the accusations stem from a misunderstanding of its platform mechanics.