Nasdaq Lands Surveillance Deal with Prediction Market Kalshi
NDAQ sits 24% above its 52-week low of $76.55.
Summary
Nasdaq has signed a multi-year deal to provide its market surveillance platform to Kalshi, a leading prediction market. The partnership comes as Kalshi faces regulatory pressure after recent fines and investigations into manipulative trading on its platform. Nasdaq's technology will enable real-time detection of market abuse and insider trading, and help Kalshi deliver trade data to the CFTC in the required format. This deal expands Nasdaq's surveillance client base beyond traditional exchanges into the fast-growing prediction market segment. It follows a strong first half for Nasdaq, which reported record capital raising and a new $1.5 billion credit facility.
At the time of this announcement, NDAQ was trading at $94.74 on NASDAQ in the Finance sector, with a market capitalization of approximately $52.9B. The 52-week trading range was $76.55 to $101.79. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.