Tag: CFTC

Kalshi’s $40 billion growth story hits tough questions about its trading volume

Prediction-market operator Kalshi is ending its volume incentive program early amid scrutiny of its crypto markets, while negotiating a new funding round that could value the company at $40 billion.

XRP volume explodes to $7.4B, and a massive CME short squeeze is blamed

XRP volume surged to $7.4 billion alongside a September price peak, as Commodity Futures Trading Commission data revealed leveraged funds significantly reduced net short positions in CME futures.