Kalshi, the prediction market platform, enters a multi-year partnership with Nasdaq to adopt Nasdaq’s market surveillance tool, according to reports. The move is intended to bolster oversight of trading activity on Kalshi’s platform.
The partnership comes as U.S. prediction markets face increasing scrutiny from lawmakers. Multiple outlets connect the timing to broader concerns about market integrity, including high-profile alleged insider trading cases that have intensified calls for tighter regulation and enforcement. Nasdaq’s surveillance tool is positioned as a way to improve monitoring and detection capabilities.
While the outlets broadly agree on the surveillance and partnership details, they differ in emphasis. One outlet focuses primarily on the operational enhancement for trade surveillance, while another highlights the regulatory backdrop and the political pressure surrounding prediction markets. Both accounts frame the agreement as a response to growing oversight expectations rather than as a change to Kalshi’s core market concept.
