Terminated nearly a year early: Kalshi adjusts the deadline for its trading volume rewards program

Odaily reports that prediction market platform Kalshi filed with the CFTC on September 28, moving the termination date of its trading volume incentive program up from October 1, 2027 to October 13, without stating a reason. Previously, its Ethereum perpetual contract market saw approximately $5 billion in nearly identical trades, which drew CFTC attention. The CFTC's Division of Market Oversight warned in August that volume-linked incentives may induce wash trading; CFTC Chairman Selig may take action this week regarding prediction market promotional activities.