Kalshi Crypto Head Responds to "Falsified Trading Volume" Allegations: Prediction Market Data Is Authentic, Perpetual Contract Incentive Plan Publicly Filed

TechFlow reports that on September 21, KOL Beni published a post alleging that Kalshi fabricated cryptocurrency prediction market trading volume, claiming to possess relevant evidence. In response, IcoBeast.eth (@icobeast), head of Kalshi Crypto, directly addressed and denied the claims, stating that the data shown in the Artemis chart represents prediction market trading volume share rather than perpetual contract data, and that Kalshi does not offer rebates for crypto prediction markets. Contract and notional value calculations are aligned with Polymarket, constituting a like-for-like comparison.

Regarding perpetual contracts, IcoBeast.eth acknowledged that the initiative is still in its early stages but emphasized that as a CFTC-regulated exchange, Kalshi is required to publicly file all incentive programs, ensuring greater transparency than offshore exchanges. Beni dismissed the response, vowing to further expose issues surrounding its crypto prediction markets and insisting that 99% of the perpetual contract trading volume consists of fake data.