Kalshi Secures License to Offer Margin Trading to Pros (1)

Kalshi Inc. has secured a license allowing it to offer margin trading to users, a feature that would make the prediction market platform more appealing to sophisticated institutional investors.

The company has been approved to operate a futures commission merchant through an affiliate called Kinetic Markets LLC, according to a March 24 filing with the National Futures Association. Kalshi must still obtain regulatory approvals from the Commodity Futures Trading Commission for changes to its rulebooks to allow for non-fully collateralized trading.

Prediction market exchanges offer yes-or-no wagers on the outcome of events from sports to elections, making them accessible to ...