Core Insights - Kalshi has implemented tighter trading surveillance measures ahead of the Super Bowl, including an independent oversight committee and partnerships with new data providers to ensure market integrity [1][4] - The Super Bowl is projected to generate a record $1.76 billion in legal wagers in the US, with Kalshi holding over 50% of the regulated market share [2][7] - The prediction market industry is experiencing rapid growth, with sports betting now accounting for approximately 70% of total prediction market volume, and aggregate volumes expected to reach $40 billion by 2026 [6] Company Developments - Kalshi has seen nearly $170 million in bets for the Super Bowl, raising concerns about the potential for insider trading due to the high volume of transactions [1][3] - To combat insider trading risks, Kalshi has partnered with Solidus Labs to utilize their "HALO" system for monitoring market manipulation [4] - An advisory committee, including experts from Wharton, will publish statistics on investigations to enhance transparency and oversight [4] Industry Context - The competition in the prediction market space is intensifying, with Polymarket leading the offshore market with nearly $4 billion in monthly activity [2][7] - Regulatory scrutiny is increasing, with some states moving to restrict access to certain prediction market products, impacting platforms like Polymarket [5]