Kalshi is setting up an independent advisory committee to strengthen surveillance of its prediction markets ahead of the Super Bowl, Cointelegraph reported on Thursday.
The committee will submit quarterly reports to Kalshi’s outside legal counsel and will publish investigation statistics on suspicious activity on the platform. It plans to work with crypto trade surveillance platform Solidus Labs and the Wharton Forensic Analytics Lab to block insider trading and market manipulation.
The move was announced 3 days ahead of Super Bowl 60. Federal regulators and Congress are also watching prediction markets, and after a recent case in which a Polymarket user made thousands of dollars betting linked to the arrest of Venezuelan President Nicolas Maduro, a bill was introduced to limit government insider trading.
Kalshi is pushing to introduce margin trading in consultation with the Commodity Futures Trading Commission (CFTC). Margin trading allows investors to post only part of a contract’s value and settle at maturity, and it is seen as a strategy to attract institutional investors.
Chi-gyu Hwang
delight@d-today.co.kr