Kalshi, the first CFTC-regulated event exchange and the world’s largest prediction market, has announced its partnership with Solidus Labs to implement its advanced HALO trade surveillance platform, aiming to bolster market integrity and regulatory compliance across its growing event-trading ecosystem.
This collaboration integrates Solidus Labs’ advanced trade surveillance platform with Kalshi’s operations, setting a new standard for integrity within the multi-billion-dollar event-trading sector. Kalshi, credited with legalizing prediction markets as a regulated financial asset class, manages weekly trading volumes exceeding $2 billion across its platform.
Kalshi will utilize the Solidus HALO platform to enhance its existing in-house systems. HALO employs a multidimensional data approach, incorporating user behavior, social sentiment, and OSINT data alongside traditional trade and order flow. By correlating these inputs across both onchain and offchain data, HALO is designed to provide institutional-grade protection against sophisticated insider trading or market manipulation across Kalshi’s more than 4000 markets.
Robert DeNault, Legal Counsel and Head of Enforcement at Kalshi, stated, “Kalshi’s growth is built on an unwavering commitment to regulatory compliance. Our deep commitment to compliance is what separates us from the pack. By partnering with Solidus Labs, we are ensuring that as we scale, our surveillance remains the industry-leading standard – protecting both our users and the integrity of the crown jewel of our exchange, our markets.”
Asaf Meir, Founder and CEO of Solidus Labs, commented, “We are proud to support Kalshi on its mission to reinvent financial markets with event-based trading. At Solidus, we believe that a platform built to trade on the future deserves a trade surveillance partner that isn’t stuck in the past. By deploying Solidus’ agentic trade surveillance and compliance hub, Kalshi is demonstrating once again its highest commitment to consumer protection and market integrity.”
Founded in 2018, Kalshi operates as an exchange offering users the opportunity to trade event contracts, where bids for ‘Yes’ or ‘No’ positions on an event are matched with opposing positions. The platform facilitates the deposit of funds as collateral, with the holder of the correct contract receiving the payout. Prediction markets like Kalshi aim to provide accurate, real-time information on event probabilities, enhancing future insights.
Solidus Labs, also founded in 2018 by Goldman Sachs veterans, specializes in Agentic-Based Compliance for trade surveillance and risk monitoring. Its HALO platform is an AI-powered, risk-based solution trusted by various financial institutions, crypto firms, and regulators globally for proactive, intelligence-led oversight across diverse financial products, venues, and asset classes.
