Speed Survivor

Whose career would you want: Eli Manning, or Lionel Messi?

This is what $1,540 gets you at Jerry World for England vs. Croatia

EXCLUSIVE: Kalshi is partnering with StarCompliance for an integration that allows employers to see employee prediction market trades in real-time. StarCompliance is a go-to provider for financial firms looking to monitor employee trading in equities and derivatives markets, and the two firms will announce their partnership on Wednesday. “As prediction markets continue to grow, financial institutions face new risks as employees have an additional avenue to profit from misuse of material nonpublic information,” the companies said in a press release, adding that StarCompliance’s software enables “firms to ensure compliance with policies by monitoring prediction market activity on Kalshi.” Employees at firms using StarCompliance will link their Kalshi accounts to the StarCompliance system. With software custom-built for this partnership, StarCompliance will be able to monitor trades in real-time, and flag suspicious activity to their clients. The partnership is Kalshi’s latest effort to curb concerns around users trading on material nonpublic information. Last week, the firm announced it would ask traders who their employer is if they try to trade on markets that may be more subject to insider trading risk. “We’re obsessed with compliance,” Max Crowley, vice president of business development at Kalshi, tells Barron’s. He says that robust compliance systems are the table stakes required to get Kalshi involved with financial institutions the firm needs to keep its trading volume growing. This StarCompliance partnership came about following a phone conversation Crowley had with one such institution, a large New York-based hedge fund. Crowley says the fund was looking to hedge risk on Kalshi through an institutional account, “and they said ‘But we’re not able to trade right now.’ And we said ‘Why not?’ And they said ‘You don’t have an integration with StarCompliance.’”