BurgaHQ @BurgaHQ - Twitter Profile

Hey Beni, Seems like a bunch of wires got crossed here so I just wanted to set the record straight. Your original claim was that Kalshi’s crypto prediction market volume was fake. The chart from Artemis shows prediction market volume share, not perps. We don’t do rebates for crypto prediction markets. Also, the way that contracts <> notional $ is calculated is universal amongst prediction markets and same with poly so it’s apple-to-apples. Separately on perps you claimed that “Here SCM means market makers that are selected by Kalshi lmfao”. This isn’t true. Anyone can become a Self-Clearing Member of a CFTC regulated exchange as long as they meet the regulatory requirements. “Fair access” is a reg requirement for us. All exchanges run rebate and incentive programs to help provide better liquidity on the exchange for traders. CME does it. So does Hyperliquid and Binance (in fact they run NEGATIVE market maker rebates). I’m the first to admit that it’s early days for perps for us given we're building a new product in untrodden territory (US perps). But the core difference between Kalshi and offshore perp exchanges is that while other exchanges run deals in the dark, we need to file our incentive programs publicly and so what you see is truly what you get. https://t.co/AZj2SOa3K5 https://t.co/HDpOqvOpBf

icobeast's tweet photo. Hey Beni,

Seems like a bunch of wires got crossed here so I just wanted to set the record straight. Your original claim was that Kalshi’s crypto prediction market volume was fake. The chart from Artemis shows prediction market volume share, not perps. We don’t do rebates for crypto prediction markets. Also, the way that contracts <> notional $ is calculated is universal amongst prediction markets and same with poly so it’s apple-to-apples.

Separately on perps you claimed that “Here SCM means market makers that are selected by Kalshi lmfao”. This isn’t true. Anyone can become a Self-Clearing Member of a CFTC regulated exchange as long as they meet the regulatory requirements. “Fair access” is a reg requirement for us.

All exchanges run rebate and incentive programs to help provide better liquidity on the exchange for traders. CME does it. So does Hyperliquid and Binance (in fact they run NEGATIVE market maker rebates).

I’m the first to admit that it’s early days for perps for us given we're building a new product in untrodden territory (US perps). But the core difference between Kalshi and offshore perp exchanges is that while other exchanges run deals in the dark, we need to file our incentive programs publicly and so what you see is truly what you get.
https://t.co/AZj2SOa3K5
https://t.co/HDpOqvOpBf

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BurgaHQ

@BurgaHQ

about 2 hours ago

Tylil reveals why Kai Cenat pays his $100,000 per month , says that he knows a lot of secrets that could end Kai's career and if the payment's stop he will come forward 😢