Kalshi ties up with Nasdaq to bolster trade surveillance
Prediction market platform Kalshi has entered a partnership with Nasdaq to strengthen its trade surveillance capabilities. The arrangement is intended to improve monitoring of trading activity on Kalshi's platform.
Why this matters: Prediction markets are expanding fast, and the rules around them are still catching up. Kalshi adding Nasdaq's surveillance infrastructure signals it wants to look like a serious, regulated exchange. That matters because these platforms let people bet on elections, economic data, and real-world events using real money. Who watches for manipulation, and how, is not a small detail. Surveillance that protects market integrity is legitimate. The question worth tracking is what data gets collected about traders in the process, and who can see it.
Who should care: Privacy officers · Cybersecurity · General readers · Policy
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