New partnership complements the prediction market platform’s existing surveillance framework
Kalshi is enhancing its monitoring and oversight of trading activity through a partnership with Nasdaq Market Surveillance.
Kalshi plans to implement Nasdaq Market Surveillance in a phased approach to support oversight of event contracts and perpetual-style derivatives.
Nasdaq’s platform is designed to support real-time detection of market abuse, manipulation, insider trading and related misconduct, and will be integrated into Kalshi’s trading infrastructure, with the ability to scale alongside the exchange as the asset class expands and new products and markets come online.
The platform will also support the delivery of Kalshi’s trade data to the Commodity Futures Trading Commission (CFTC), in line with Kalshi’s obligations as a CFTC-regulated exchange.
“This deal reinforces Kalshi’s commitment to market integrity,” said Max Crowley, vice president of business development at Kalshi. “Implementing Nasdaq Market Surveillance gives our markets the same surveillance data used by the world’s largest exchanges, and it’s built to scale with us as we grow.”
Tony Sio, Nasdaq head of regulatory strategy and innovation, added: “Prediction markets are among the fastest-growing segments of the financial landscape, and they demand surveillance infrastructure with the scale and expertise that can match that pace.”
Nasdaq Market Surveillance is one of the most widely used market surveillance platforms globally, serving over 50 exchanges and 20 international regulators, including the CFTC since last August.