The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu The leading online blog in the fields of corporate governance and financial regulation. Tue, 18 Aug 2026 11:32:57 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.10 https://corpgov.law.harvard.edu/wp-content/uploads/2024/02/cropped-photography-4-e1706898544564-1-32x32.png Prediction Market Surveillance: A View from the Trenches – The Harvard Law School Forum on Corporate Governance https://corpgov.law.harvard.edu 32 32 Prediction Market Surveillance: A View from the Trenches https://corpgov.law.harvard.edu/2026/08/18/prediction-market-surveillance-a-view-from-the-trenches/?utm_source=rss&utm_medium=rss&utm_campaign=prediction-market-surveillance-a-view-from-the-trenches https://corpgov.law.harvard.edu/2026/08/18/prediction-market-surveillance-a-view-from-the-trenches/#respond Tue, 18 Aug 2026 11:31:36 +0000 https://corpgov.law.harvard.edu/?p=183263?d=20260817165859EDT Posted by Robert DeNault (Kalshi) and Daniel Taylor (UPenn), on Tuesday, August 18, 2026
Editor's Note:

Robert DeNault is the Head of Enforcement at Kalshi, and Daniel Taylor is the Arthur Andersen Professor of Accounting at The Wharton School and Director of the Wharton Forensic Analytics Lab at the University of Pennsylvania.

It feels like prediction markets are everywhere these days. As prediction markets expand and trading volumes continue to rise, the industry’s long-term success depends on both established players and new entrants adopting rigorous market surveillance systems. And, over the course of the last year, it has become clear that although many principles from equity-market surveillance are applicable, prediction markets have several distinctive features that must be accounted for to ensure any surveillance system operates effectively.

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