Kalshi said it is overhauling its anti-insider trading framework ahead of the Super Bowl, expanding surveillance, enforcement and compliance measures across its markets.
The company said it has strengthened its monitoring systems and governance as engagement surges ahead of major events, with more than $169 million already wagered on a single Super Bowl market.
Kalshi chief executive, Tarek Mansour, rejected arguments that insider trading benefits prediction markets, saying:
“Some say insider information can make prediction markets more accurate, but the same argument can be made for stock markets, where insider trading is banned.”
As part of the changes, Kalshi has enlisted Daniel Taylor of the Wharton Forensic Analytics Lab to assist with complex insider trading investigations and former US Treasury under secretary Brian Nelson to advise on compliance and market integrity.
The platform is also enhancing its proprietary surveillance system, Poirot, through a partnership with Solidus Labs to provide what it described as institutional-grade protection across more than 4,000 markets.
The move comes amid heightened scrutiny of prediction markets in the US, particularly around sports-related contracts that attract large volumes of retail participation.
Kalshi has faced recent criticism over market integrity issues but said the latest measures reflect a commitment to enforcing fair trading as prediction markets grow in scale and visibility.