Kalshi has extended its trade surveillance coverage beyond its exchange business, with affiliated futures commission merchant Kinetic Markets selecting Solidus Labs as its monitoring provider.
Solidus has provided surveillance technology to KalshiEx since February 2026. The latest announcement brings that coverage to Kinetic Markets, the group’s CFTC-registered FCM and National Futures Association member.
Surveillance Moves to the FCM Layer
Kalshi’s regulated structure is broader than a standalone event-contract exchange. The company owns Kinetic Markets alongside KalshiEx, a CFTC-regulated designated contract market, and Kalshi Klear, a CFTC-regulated derivatives clearing organisation. Together, the entities cover exchange trading, clearing and FCM services.
Kinetic Markets adds the brokerage function through which clients can access the group’s event-contract markets, including margin access and regulated clearing arrangements.
Applying external surveillance to that layer increases the part of the trading workflow covered by monitoring outside the exchange order book.
Kinetic Markets said the additional coverage follows the introduction of its FCM registration and the wider risk surface created by that role.
James Hill, Chief Compliance Officer at Kinetic Markets, said compliance infrastructure needed to scale as the group added “institutional-grade capabilities” to prediction markets.
The announcement expands an existing relationship rather than starting a new one. Kalshi selected Solidus earlier this year to support surveillance across KalshiEx’s event-contract markets, where the exchange said it would use the system alongside internal controls to monitor market abuse and insider trading risks.
Volumes Provide Context
Finance Magnates recently reported that Rothera had also deployed external surveillance technology for its regulated event-contract exchange. Similar moves by Novig and Kalshi place third-party monitoring among the compliance tools being adopted by prediction-market venues.
Kalshi said the expansion comes as monthly trading volume on its markets exceeded $31 billion in June 2026. The company also said institutional clients have shown greater interest in prediction markets where regulated clearing, institutional liquidity and margin access are available.
The announcement leaves Kalshi with external surveillance applied to both the exchange market and the affiliated FCM. The monitoring now covers more of the regulated workflow through which clients access its event-contract markets.
Kalshi has extended its trade surveillance coverage beyond its exchange business, with affiliated futures commission merchant Kinetic Markets selecting Solidus Labs as its monitoring provider.
Solidus has provided surveillance technology to KalshiEx since February 2026. The latest announcement brings that coverage to Kinetic Markets, the group’s CFTC-registered FCM and National Futures Association member.
Surveillance Moves to the FCM Layer
Kalshi’s regulated structure is broader than a standalone event-contract exchange. The company owns Kinetic Markets alongside KalshiEx, a CFTC-regulated designated contract market, and Kalshi Klear, a CFTC-regulated derivatives clearing organisation. Together, the entities cover exchange trading, clearing and FCM services.
Kinetic Markets adds the brokerage function through which clients can access the group’s event-contract markets, including margin access and regulated clearing arrangements.
Applying external surveillance to that layer increases the part of the trading workflow covered by monitoring outside the exchange order book.
Kinetic Markets said the additional coverage follows the introduction of its FCM registration and the wider risk surface created by that role.
James Hill, Chief Compliance Officer at Kinetic Markets, said compliance infrastructure needed to scale as the group added “institutional-grade capabilities” to prediction markets.
The announcement expands an existing relationship rather than starting a new one. Kalshi selected Solidus earlier this year to support surveillance across KalshiEx’s event-contract markets, where the exchange said it would use the system alongside internal controls to monitor market abuse and insider trading risks.
Volumes Provide Context
Finance Magnates recently reported that Rothera had also deployed external surveillance technology for its regulated event-contract exchange. Similar moves by Novig and Kalshi place third-party monitoring among the compliance tools being adopted by prediction-market venues.
Kalshi said the expansion comes as monthly trading volume on its markets exceeded $31 billion in June 2026. The company also said institutional clients have shown greater interest in prediction markets where regulated clearing, institutional liquidity and margin access are available.
The announcement leaves Kalshi with external surveillance applied to both the exchange market and the affiliated FCM. The monitoring now covers more of the regulated workflow through which clients access its event-contract markets.