Kalshi Ethereum price prediction market sees $5 billion highly similar transactions, triggering regulatory attention

Kalshi's Ethereum price prediction market has seen nearly 1 million highly similar transactions since August, totaling approximately $5 billion, with over one-third of the transactions being quick trades and single amounts concentrated around $5500. This trading pattern has attracted attention from US federal regulators and traders, and Kalshi stated that the related transactions are normal market activity. (Source: The Wall Street Journal)