News

Odaily reported that the US-regulated prediction trading platform Kalshi has formed a strategic partnership with financial compliance service provider StarCompliance. Together, they are launching real-time trade monitoring services for Kalshi accounts held by employees of various financial institutions, directly addressing core compliance challenges in the industry. As prediction markets gain in popularity, financial institutions are increasingly concerned that employees may use non-public internal information to conduct profitable trading on platforms like Kalshi, creating potential risks for insider trading supervision. Following this partnership, the StarCompliance compliance system will connect to Kalshi accounts associated with institutional employees, automatically identifying and flagging abnormal or suspicious trading activities to help financial institutions strengthen internal risk management and compliance self-checks. StarCompliance stated that the current system only offers real-time trade monitoring. In the future, they plan to add a pre-trade approval module, and expand services to include blockchain-based prediction market platforms such as Polymarket, comprehensively covering mainstream event trading channels and improving the holistic employee trade control system for institutions. (Barrons)

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