Kalshi, the federally regulated prediction market platform, has announced a major expansion of its market surveillance and enforcement framework, aimed at preventing insider trading and market manipulation across its platform.
The updates, disclosed on February 5, 2026, form part of a broader initiative to strengthen trading integrity as prediction markets face increasing regulatory and public scrutiny in the United States.
Founded in 2018, Kalshi operates prediction markets under the oversight of the U.S. Commodity Futures Trading Commission (CFTC), making it one of the few platforms offering event-based contracts within a regulated financial framework. The company enforces compliance standards similar to those used in traditional derivatives markets.
At the center of the expansion is the creation of an independent Surveillance Advisory Committee. The committee includes industry experts such as Lisa Pinheiro, Managing Principal at Analysis Group, and Daniel Taylor, Director of the Wharton Forensic Analytics Lab, who specializes in fraud detection and insider trading analysis. The committee will review flagged trades, oversee investigations, and publish quarterly public reports detailing enforcement activity and market integrity efforts.
Kalshi also announced a partnership with Solidus Labs, a firm specializing in advanced trade surveillance technology. The Solidus platform will enhance Kalshi’s internal monitoring systems by applying deeper data analytics to identify complex manipulation strategies and suspicious trading behavior across more than 4,000 active markets. Additional market integrity advisors are also being brought into the framework.
The move comes as prediction markets attract heightened attention from lawmakers and regulators worldwide. Offshore platforms such as Polymarket have faced criticism over alleged insider advantages and market manipulation, prompting calls for stricter regulatory oversight.
Kalshi’s announcement also follows recent legal developments involving prediction markets in the U.S. In Nevada, a state court recently declined to immediately block Coinbase’s prediction markets, which operate in partnership with Kalshi, after state regulators sought an emergency halt under gaming-related laws.
With these measures, Kalshi is positioning itself as a compliance-focused alternative in the prediction markets space, emphasizing transparency, enforcement, and regulatory alignment as the sector continues to evolve.
