Kalshi extends Solidus Labs trade surveillance to brokerage arm Kinetic Markets
Kalshi is extending trade surveillance from its exchange to futures commission merchant affiliate Kinetic Markets, which has selected Solidus Labs as its surveillance partner. The move expands compliance infrastructure across Kalshi's vertically integrated operation as it pursues institutional clients. Third-party monitoring is emerging as a compliance tool among prediction-market venues, with Novig making a similar move.
Vertical integration is now table stakes for serious event-contract venues, and surveillance gaps between exchange and broker operations are becoming a regulatory liability. Kalshi is closing that gap before institutional due diligence teams or CFTC examiners can flag it. The move mirrors broader industry consolidation: Fanatics, DraftKings, and Underdog have all recently bought or built captive infrastructure rather than rely on third-party rails.
Fanatics now owns the full regulatory stack instead of renting it. For Kalshi, keeping both exchange and broker compliance under one trusted vendor simplifies audits and reduces vendor-count risk, but it also means any Solidus Labs outage or model error hits both books at once.