What changed
The prediction market says unusual patterns in its ether perpetual market are the result of liquidity incentives Kalshi says it is not being investigated by the CFTC over trading activity
Why it matters
Regulatory risk around crypto markets can change volatility, liquidity, or sentiment. The concrete detail to watch is the prediction market says unusual patterns in its ether perpetual market are the result of liquidity incentives
Trading lens
Use this as watchful context from coindesk.com. Watch whether kalshi says it is not being investigated by the CFTC over trading activity confirms momentum, invalidates active bias, or changes timing.