According to Cointelegraph, prediction market platform Kalshi announced the establishment of an independent advisory committee and partnerships to strengthen platform regulation and prevent insider trading and market manipulation. The move was announced three days before the U.S. Super Bowl, and the platform has now attracted over $168 million in Super Bowl-related bets. Kalshi said the committee will provide quarterly reports to the company's external legal counsel and publish statistics on investigations into suspicious activities. At the same time, Kalshi is collaborating with cryptocurrency transaction monitoring platform Solidus Labs and Wharton School forensic analytics lab director Daniel Taylor to "detect, investigate, and resolve market abuse."
Kalshi Establishes Independent Advisory Committee Ahead of Super Bowl to Strengthen Trading Oversight
TechFlowShare
Summary
Kalshi has formed an independent advisory committee to monitor trading activity and boost oversight as Super Bowl betting surges. The platform, which has drawn over $168 million in related wagers, will have the committee submit quarterly reports to external legal counsel. Kalshi also partners with Solidus Labs and Daniel Taylor to track suspicious behavior. Altcoins to watch may see ripple effects from increased market scrutiny and regulatory alignment.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.