Kalshi Bolsters Surveillance with Nasdaq-Inspired Systems to Woo Institutional Traders
Kalshi, the largest CFTC-regulated prediction market in the US, is taking steps to reassure institutional traders and regulators that it's a serious player. The platform has been upgrading its trade surveillance infrastructure by modeling its systems after those used by Nasdaq and the NYSE.
The effort comes at a crucial time for Kalshi as it navigates a $36 billion lawsuit while trying to convince sophisticated investors that prediction markets are more than just a novelty. To address this, Kalshi has been methodically building out its compliance framework.
In February 2026, the company partnered with Solidus Labs, a firm known for its crypto-market surveillance expertise. This was followed by a partnership with Comply in early August 2026, which gives institutional clients the ability to track employee trading activities on the platform. Kalshi has also deployed its own monitoring systems, including an alert tool called IC360.
Kalshi's CEO Tarek Mansour has repeatedly pointed to Nasdaq as the benchmark for where Kalshi's structural and surveillance standards need to be. The company has recruited former Nasdaq surveillance personnel, and job postings have listed familiarity with Nasdaq's tools as a preferred qualification.