Prediction markets let people trade contracts tied to real-world outcomes. That creates a tricky question for financial firms: what happens if an employee knows something the rest of the market doesn't?
Kalshi, the prediction-market platform, has been hearing that question a lot. On Tuesday, Aug 4 2026, it announced a partnership with Comply, a compliance-software company, in an exclusive disclosure to CNBC.
Through Comply's platform, employers can now see their workers' Kalshi event-contract trades. It will also cover Kalshi's perpetual futures contracts, which are futures-style contracts that don't have a fixed expiration date.
The partnership is part of Kalshi's push to bring institutional money into its marketplace. Financial firms want to feel confident that employee trading can be watched before they put real money there.
Most financial firms already watch employee trades in traditional securities and digital assets. Comply's software does that for more than 5,000 mostly financial firms.
Adding Kalshi to the mix means those employers can enforce their trading policies in one place. It also means they can catch trades made on material non-public information, or inside information.
Kalshi's vice president of business development, Max Crowley, says institutions keep asking about compliance surveillance. "We're actively working with institutions, and I think, more and more we've heard from these firms... 'Do we have compliance surveillance on our side?'" he said.
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Crowley says Kalshi has an internal surveillance team that reviews platform activity daily. "We have an internal surveillance team, every day we're actively going through all the activity that is happening on the platform... But then firms say, 'that's all good, but we also need visibility,'" he said.
That demand is about trust. If an employee bets on an event using non-public information, the bet can undermine the market and the firm.
Sudhir Jain, Kalshi's chief compliance officer, says monitoring gives firms an alternative to banning employees from these markets. "Without knowing what employees are doing, their only choice is to say, from a policy perspective, don't trade at all," he said. "Now they have the data; they can monitor it."
Comply's chief regulatory service officer, Jamila Mayfield, says most firms are still writing their prediction-market playbooks. "Most firms are still figuring out what a reasonably designed prediction market compliance program looks like, and that's exactly where we come in," she said.
"Comply brings both the technology and the regulatory expertise to build programs that hold up under scrutiny," Mayfield added.
Kalshi is not stopping with Comply. It announced a similar compliance partnership with StarCompliance in June.
Comply already tracks Polymarket trades through a separate partnership with ZenLedger, a crypto tax and accounting firm. Prediction markets are starting to get the same compliance infrastructure that stocks and crypto already have.
Prediction markets have moved from a niche activity to a trading venue that financial firms are starting to take seriously. Compliance officers are still deciding what an appropriate policy looks like, and monitoring tools give firms an alternative to banning employees from these markets. That context helps explain why Kalshi is building out this infrastructure now.
Legal experts quoted by CNBC say few companies beyond large regulated financial institutions have updated their internal policies for prediction markets. That leaves plenty of room for more monitoring tools, and more questions, as these markets grow.
For regular investors, this is about fairness.
If institutions join in, they want to know that no one is trading on an edge gained from a job at a bank or an asset manager. More surveillance does not remove risk, because the markets still move fast and prices can swing on headlines.
But clearer rules tend to make markets more trustworthy. When companies can monitor trades instead of banning them, they may actually allow employees to participate, which brings more activity and more liquidity.
That matters for your portfolio because more participants, and clearer rules, usually mean a healthier market over time. The quiet work of compliance software could be what makes prediction markets comfortable enough for institutional money to arrive.
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