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

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