Activist Group Says Kalshi’s Election Market Should Be Shut Due to ‘Manipulative’ Whales

“If the buying and selling quantities to any one in every of these species of election or market manipulation, then it is usually more likely to artificially skew the pricing of contracts in a manner that’s divorced from election ‘fundamentals,’ thus creating volatility that can undoubtedly hurt many smaller retail traders who’ve positioned their very own bets,” Higher Markets mentioned, urging the U.S. Court docket of Appeals to overturn a decrease court docket’s determination that freed Kalshi to supply election markets.