Kalshi boosts surveillance ahead of Super Bowl with independent committee
Kalshi has seen nearly $170 million in Super Bowl-related bets, and its move to boost oversight comes amid scrutiny of prediction markets by regulators and Congress.
Kalshi says it’s expanding its surveillance on its prediction markets platform through an independent advisory committee and partnerships to detect insider trading and market manipulation, just days ahead of the Super Bowl.
Kalshi said on Thursday that the committee would give a quarterly rundown to the company’s outside counsel and publish statistics on investigations into suspicious activity on the platform.
It is also teaming up with crypto trading surveillance platform Solidus Labs and Daniel Taylor, director of the Wharton Forensic Analytics Lab, “to detect, investigate, and address market abuse.”
Read more
