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Kalshi just added another compliance layer. The prediction market exchange has brought Comply on board as a secondary monitoring platform, letting firms track employee trades in event contracts alongside their existing securities and digital asset surveillance — all inside one system.
Comply works with more than 5,000 financial entities. That’s a big footprint, and Kalshi’s pitch is pretty simple: firms that already use Comply for employee trade monitoring can now pull in Kalshi contract data without building a separate process from scratch. The software ingests Kalshi trade data in real time, giving compliance teams a live view of what employees are doing in prediction markets. That covers event contracts and Kalshi’s perpetual futures contracts both, so there’s no gap where one product type slips through unmonitored.
Not a small thing.
The core problem Kalshi is trying to solve here is that most firms — outside of the heavily regulated banks and broker-dealers — haven’t updated their internal policies to cover prediction markets at all. Legal experts familiar with the space say a lot of companies are basically flying blind. They know employees can access Kalshi. They don’t know what those employees are trading. And without data, compliance teams can’t flag potential material non-public information violations or undisclosed trades. So what do some firms do? They ban event contract trading outright. It’s blunt, it’s not ideal, but it’s the only move when you can’t see anything.
What Kalshi’s CCO Said About the Data Gap
Kalshi’s Chief Compliance Officer Sudhir Jain put it directly: firms without data-driven insights often end up with no option but to prohibit trading. That’s the wall they hit. And Max Crowley, Kalshi’s Vice President of Business Development, added that firms interested in prediction markets consistently ask about compliance surveillance — internal visibility is basically the first question, right alongside questions about Kalshi’s own market surveillance capabilities. Demand for monitoring tools isn’t theoretical. It’s the thing firms want before they’ll let employees near the platform.
The Comply deal isn’t Kalshi’s first move in this direction. Back in June, Kalshi partnered with StarCompliance to give firms a similar monitoring capability. Comply doesn’t replace that. Both integrations run, which means firms have more than one established platform they can route through depending on what their existing tech stack looks like. Kalshi’s building a menu of options rather than locking everyone into a single vendor.
Comply has also handled prediction market monitoring for Polymarket, through an association with ZenLedger — a crypto tax and accounting service. So Comply isn’t new to the event contract space. Kalshi is the latest addition to that coverage, not the first test case.
Why Firms Can’t Just Wait on Policy Updates
The compliance gap around prediction markets is real and it’s widening. More firms are exploring event contracts as a trading category, and regulators have shown growing interest in how these platforms operate. Internal policy frameworks haven’t kept pace. Compliance teams that built their workflows around equities, fixed income, and digital assets are now looking at a product type that doesn’t fit neatly into any of those buckets.
That’s probably why Kalshi’s outreach to established compliance vendors makes sense strategically. Firms aren’t going to build custom integrations from zero. They want their existing platforms — the ones their compliance teams already know — to simply absorb the new data. Comply can now do that. StarCompliance already does. The friction of adding prediction market oversight drops considerably when the tool is already sitting inside a firm’s compliance stack.
Unclear whether other prediction market platforms are moving at the same speed on this. Kalshi seems to be pushing harder than most.
The real-time monitoring angle matters too. Batch reporting after the fact doesn’t catch the problems that matter most — trades that happen in a window when an employee holds sensitive information. Real-time ingestion means the flag goes up fast, not days later when the damage is done. Compliance teams can assess possible policy violations before they become regulatory headaches.
Crowley’s point about demand is worth sitting with. Firms aren’t asking Kalshi for better odds or more contract types first. They’re asking how they can watch their own people. That’s where the conversation starts. And Kalshi’s answer now runs through at least two established compliance platforms with a combined reach that covers thousands of financial firms.
Sudhir Jain, per the announcement, sees the monitoring tools as what finally gives firms a real choice — supervise, rather than ban.
Frequently Asked Questions
What does Kalshi’s integration with Comply actually do for firms?
It lets compliance teams pull Kalshi prediction market trade data — including event contracts and perpetual futures — into Comply’s existing regulatory software, so employee activity can be monitored alongside securities and digital assets in one place.
Did Kalshi already have a compliance monitoring partnership before Comply?
Yes. Kalshi partnered with StarCompliance in June for similar employee trade monitoring capabilities. The Comply integration runs alongside it rather than replacing it.
