Snapshot from Aug 24, 2026 at 07:00 UTC. For live data and tracking: View Live
Events / Business / Kalshi Nasdaq surveillance partnership
Business partnership

Kalshi Nasdaq surveillance partnership

Analysis based on 13 articles · First reported Aug 10, 2026 · Last updated Aug 10, 2026

Sentiment
20
Attention
4
Articles
13
Market Impact
General
Live prominence charts, article sentiment distribution, and event development timeline available on the Ergen Dashboard
Market Impact

The partnership strengthens Kalshi's market integrity infrastructure, potentially boosting institutional confidence and trading volumes in prediction markets. Nasdaq expands its surveillance client base, reinforcing its position in the growing regtech segment.

Financial Exchanges Prediction Markets Regulatory Technology
Event Summary

Kalshi, a leading prediction market platform, announced a multi-year partnership with Nasdaq to adopt Nasdaq's market surveillance platform. The phased implementation aims to enhance real-time detection of market abuse, manipulation, and insider trading across Kalshi's prediction markets and perpetual-style derivatives. The partnership also supports Kalshi's regulatory obligations by delivering trade data to the United States — United States Commodity Futures Trading Commission (CFTC) in the required format. This move comes amid increased scrutiny of prediction markets following alleged insider trading cases, including a CFTC fine against former Representative George Santos and an investigation into a White House teleprompter operator. Kalshi has also ramped up hiring in its surveillance unit and previously partnered with Genius Sports for integrity services. The company faces legal battles with United States — New York and United States — Nevada.

Key Actions
90 Kalshi partnered with Nasdaq
60 United States — United States Commodity Futures Trading Commission investigating George Santos
50 Kalshi flagged and referred United States — United States Commodity Futures Trading Commission
30 Kalshi partnered with Genius Sports
Entities Involved
exch
Kalshi
Kalshi is the primary beneficiary, enhancing its surveillance capabilities and regulatory compliance, which may attract institutional participants and improve market credibility.
Importance 100.0 Sentiment 70.0
exch
Nasdaq
Nasdaq gains a notable client for its market surveillance product, expanding its footprint in the prediction market segment and reinforcing its regtech offerings.
Importance 80.0 Sentiment 60.0
govactor
United States — United States Commodity Futures Trading Commission
The CFTC benefits from improved surveillance data from Kalshi, aiding its oversight of prediction markets and enforcement actions.
Importance 60.0 Sentiment 30.0
per
George Santos
George Santos was fined $35,000 by the CFTC for alleged manipulative trading on Kalshi, highlighting regulatory scrutiny of prediction market participants.
Importance 30.0 Sentiment -40.0
priv
Crowley Maritime
Crowley Maritime, VP of Business Development at Kalshi, is a spokesperson for the partnership, emphasizing Kalshi's commitment to market integrity.
Importance 20.0 Sentiment 10.0
per
Tony
Tony, Head of Regulatory Strategy and Innovation at Nasdaq, commented on the partnership, highlighting the growth of prediction markets.
Importance 20.0 Sentiment 10.0
stock
Genius Sports
Genius Sports is a prior partner of Kalshi, providing integrity and data services for sports markets, complementing Kalshi's surveillance efforts.
Importance 15.0 Sentiment 10.0
loc
United States — New York
United States — New York is involved in legal battles with Kalshi, reflecting regulatory challenges in the prediction market industry.
Importance 10.0 Sentiment -10.0
loc
United States — Nevada
United States — Nevada is also involved in legal disputes with Kalshi, adding to the regulatory pressures on the platform.
Importance 10.0 Sentiment -10.0
Relationships
Kalshi regulated exchange ↔ United States — United States Commodity Futures Trading Commission Kalshi is a federally regulated Designated Contract Market (DCM) under the direct oversight of the U.S. Commodity Future
Kalshi related ↔ George Santos
United States — United States Commodity Futures Trading Commission related ↔ George Santos
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