Alliance Co-Founder Warns Kalshi’s Crypto Perpetuals Could Drain On-Chain Liquidity

Alliance co-founder Imran Khan has raised concerns about the potential impact of Kalshis newly launched crypto perpetual futures products, suggesting they could reduce liquidity across decentralized finance (DeFi) ecosystems. Although Khan did not directly mention Kalshi by name, his comments came shortly after the regulated prediction market platform introduced perpetual futures trading for Ethereum (ETH), XRP, and Solana (SOL). Kalshi launched ETH perpetual futures on June 4, followed by XRP and SOL perpetual contracts on June 10, after securing approval from the U.S. Commodity Futures…  Read more

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