Escalation: Kalshi Partners With Nasdaq for Trade Oversight
Kalshi signed a multi-year deal to use Nasdaq’s market surveillance system. It will roll out in phases and sit alongside Kalshi’s existing monitoring for prediction markets.
Nasdaq’s round-the-clock system will plug into Kalshi’s trading infrastructure to flag market abuse, manipulation, and insider trading in real time. It will also format and deliver Kalshi trade data to the Commodity Futures Trading Commission as the agency requires.
Nasdaq’s surveillance platform is used by more than 50 exchanges and 20 international regulators. Kalshi has also expanded its in-house surveillance team this year, adding tools and staff to tighten oversight.
Synthesized from 14 sources
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