Kalshi signs Nasdaq for trade surveillance

Kalshi has agreed to deploy Nasdaq's trade surveillance technology across its prediction market, the companies said. The arrangement gives the event-contract venue access to the monitoring systems Nasdaq licenses to exchanges and regulators for detecting manipulation and abusive trading patterns. The tie-up is a compliance-infrastructure move for Kalshi, which operates as a CFTC-regulated designated contract market and has expanded rapidly into contracts on economic data, elections and sports. For Nasdaq, it extends its market-technology licensing business into a newer category of venue.