Prediction markets platform Kalshi partners with Nasdaq to enhance trade surveillance, adopting Nasdaq's market surveillance tool amid regulatory scrutiny over alleged insider trading
The multi-year partnership aims to bolster monitoring and oversight of trading activity on Kalshi's platform. This move comes as prediction markets face increasing pressure from lawmakers following high-profile alleged insider trading cases, including a recent $35,000 fine by the Commodity Futures Trading Commission (CFTC) against former Republican Representative George Santos for alleged manipulative trading on Kalshi, and an ongoing investigation into a White House teleprompter operator.
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