Terminating nearly a year early, Kalshi adjusts the deadline for its trading volume reward program

Odaily News: Prediction market platform Kalshi filed with the CFTC on September 28 to move the termination date of its trading volume incentive program from October 1, 2027, up 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 incentives tied to trading volume could induce wash trading; CFTC Chair Selig may take action this week regarding prediction market promotional activities.