A new compliance edge in prediction markets
Kalshi has revealed a strategic collaboration with Comply, a leader in compliance technology, to enhance oversight of employee trading on its platform. Comply, which currently serves over 5,000 businesses—mostly in the financial sector—is integrating Kalshi’s trade data into its compliance software to offer a more robust solution for monitoring activities.
The Kalshi platform enables organizations to track employee trades in event contracts, a move intended to prevent misuse of insider information. In addition, this oversight will now extend to Kalshi's perpetual futures contracts, which are designed to monitor long-term developments and outcomes.
According to Jamila Mayfield, Comply’s chief regulatory service officer, few organizations have established a clear and effective compliance strategy for prediction markets. Comply is positioned to offer both the technical tools and regulatory insight needed to build strong, verifiable programs. The company has already applied this approach to trade monitoring on Polymarket, another prediction market, through a partnership with ZenLedger, a crypto tax and accounting solution.
More demand for institutional oversight
Max Crowley, Kalshi’s vice president of business development, explained that many organizations are now asking for real-time visibility into employee trading activities. Institutions accustomed to using advanced monitoring systems for traditional assets are extending those expectations to the evolving world of prediction markets. Kalshi already employs an internal team to actively track all platform activity.
Sudhir Jain, Kalshi’s chief compliance officer, noted that some companies might opt to outright ban employee trading in event contracts as a safeguard. However, advanced tools such as Comply’s provide a more sophisticated alternative. Now they have the data; they can monitor it.”
A growing compliance puzzle
The Kalshi-Comply agreement follows a similar collaboration with StarCompliance in June. Both initiatives are aimed at helping businesses adapt to the emerging complexities of prediction market trading. Legal experts have highlighted that most companies, with the exception of large, highly-regulated financial institutions, are still grappling with how to adjust their internal compliance policies to account for this new asset class.
The ongoing expansion into institutional use underlines a broader industry challenge. As prediction markets rise in popularity, firms are increasingly in need of tools that can detect and prevent the misuse of non-public information. In response, Kalshi is working to provide transparency and oversight into employee activities, ensuring a more secure trading environment.