Kalshi Seeks To Offer Margin Trading On Its Platform

Kalshi Seeks To Offer Margin Trading On Its Platform

Tue, September 22, 2026 at 4:15 PM GMT+3 1 min read

• KLSH.PVT

Prediction market Kalshi is seeking regulatory approval to offer margin trading on its platform.

Kalshi has asked the Commodity Futures Trading Commission (CFTC) for permission to let users of its prediction market borrow money from it to wager bets on its prediction market.

Margin trading, often referred to as leverage, is when people borrow money from a brokerage to buy more stocks or other assets than they could afford with their own cash.

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While margin trading is a popular practice on Wall Street and is common when trading stocks and bonds, it is currently not widely available on prediction markets.

Some analysts and politicians have warned about allowing leverage on prediction markets that enable people to bet on real-world events ranging from sports to the weather.

Critics say prediction markets feed gambling addiction and the situation could be worsened by margin trading that allows people to borrow money to place bets, often at high interest rates.

However, Kalsi says that the move is the next step in its evolution as it seeks to attract more institutional investors to its exchange.

Kalshi already provides some limited leverage on its perpetual futures contracts but has yet to receive the approval to do so on its prediction market that's widely used by individuals.

Trading volumes on prediction markets such as Kalshi and rival Polymarket have surged this year, driven by the World Cup soccer tournament and other sports gambling.

Kalshi has said that it is seeking to introduce a system where, as event contracts near their expiry date, the capital requirements to obtain leverage increase.

As a privately held company, Kalshi's stock does not trade on a public exchange.