Prediction markets giant Kalshi has partnered with Nasdaq to adopt the U.S. exchange heavyweight’s market surveillance tool. This move aims to strengthen the monitoring and oversight of trading activity on its platform.
Enhancing Trade Surveillance
The multi-year partnership reflects a broader push by Kalshi to enhance trade surveillance, especially in the face of mounting pressure from lawmakers following high-profile alleged insider trading cases.
By integrating Nasdaq’s market surveillance platform with its existing framework, Kalshi will gain advanced monitoring capabilities for prediction markets and perpetual-style derivatives. This will assist in real-time detection of market abuse, manipulation, and insider trading.
The partnership also supports delivering trade data to the Commodity Futures Trading Commission in the required format. Kalshi has referred suspicious trading activity to regulators in the past, demonstrating its commitment to market integrity.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
