Kalshi terminates trading volume incentive plan early, Ethereum perpetual contract market has seen huge transactions

The prediction market platform Kalshi has filed with the CFTC to advance the termination date of the trading volume incentive plan from October 1, 2027 to October 13. The Ethereum perpetual contract market on this platform has seen approximately $5 billion in suspected reverse trading and has attracted attention from the CFTC. In August, the CFTC's market supervision department warned that volume tied incentives may trigger reverse trading, and Chairman Selig may take action on market promotion activities this week. (Source: DeFi Rate)