Kalshi has signed a multi-year agreement with Nasdaq to deploy the same market surveillance platform already used by its regulator, the Commodity Futures Trading Commission. The deal, announced Monday, will phase Nasdaq’s technology alongside Kalshi’s existing surveillance systems to monitor both prediction markets and the perpetual-style derivatives the exchange is rolling out.
The platform is designed to detect manipulation and insider trading in real time while automatically formatting trade data for CFTC reporting. For brokers routing event contracts through Kalshi, this means Kalshi’s alerts and regulatory flags will run on identical infrastructure to what the CFTC sees, streamlining the path from suspicious activity to enforcement action. The CFTC deployed Nasdaq Market Surveillance in August 2025 to replace legacy systems from the 1990s.
This marks Kalshi’s fourth surveillance partnership announced in six months, including deals with Solidus Labs, StarCompliance, and Comply. Neither party disclosed financial terms or implementation timelines.
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Brokers handling Kalshi contracts should prepare for tighter surveillance alignment with CFTC standards, potentially accelerating regulatory scrutiny on flagged trades.
Source: Finance Magnates