Prediction markets exchange Kalshi has rolled out a suite of market integrity measures, including a risk scoring framework and mandatory employer verification for high-risk markets, based on recommendations from its independent Surveillance Audit Committee’s first quarterly report.
The measures, announced on June 9th by Kalshi Head of Enforcement Robert DeNault, took effect immediately. Under the new framework, each market proposed for listing is assigned a risk score that evaluates six factors: corporate KPI or events risk, outcome concentration risk, market importance, regulatory compatibility, non-traditional insider risk – where a trader holds material non-public information without a pre-existing legal duty not to trade on it – and national security risk, which assesses whether kinetic activity such as military action could be connected to a market’s resolution.
For markets that score above a certain threshold, Kalshi now requires traders to submit employer information before they can participate. The platform uses that information to identify individuals who may have access to significant non-public information and restrict their participation where necessary.
DeNault said the measures build on the company’s position as a federally regulated exchange. “By implementing these new integrity measures, we continue to lead the industry on the issue of market integrity amongst federally regulated prediction markets,” he said.
Kalshi also disclosed enforcement figures for the first quarter of 2026. The platform conducted more than 150 investigations, blocked over 100 potential insider trades using new screening tools, made more than 20 referrals to law enforcement, and took five disciplinary actions against traders. Market pages now include tools for users to submit whistleblower reports directly to Kalshi’s surveillance team, which the company says monitors the feed around the clock.
The independent Surveillance Audit Committee was appointed to review Kalshi’s monitoring and enforcement of abusive trading behavior, including insider trading, market manipulation, and spoofing. For its first report, the committee interviewed staff, examined policies, reviewed detection algorithms, and assessed national security risks across listed markets. Kalshi said the committee will deliver quarterly reports going forward.
