Kalshi Crypto Head Rejects Claims of Perpetual Futures Volume Manipulation

Kalshi crypto business head IcoBeast.eth responded to a post by Beni alleging that Kalshi perpetual futures market volume was fabricated. According to Foresight News, IcoBeast.eth said the Artemis chart cited by Beni shows prediction market share, not perpetual futures, and added that Kalshi does not offer rebates for crypto prediction markets. He said the calculation of contract notional principal is consistent with prediction markets such as Polymarket and can be directly compared. He also denied claims that SCM is Kalshi's designated market maker for perpetual contracts, saying that on CFTC-regulated exchanges, anyone can become a Self-Clearing Member if regulatory requirements are met, and that fair access is a regulatory requirement. IcoBeast.eth acknowledged that Kalshi's perpetual futures are still at an early stage, but said incentive programs must be publicly filed, unlike those on offshore exchanges.