Kalshi gains license for institutional margin trading

Prediction market platform Kalshi has secured a crucial license to offer margin trading to institutional investors, a significant departure from traditional fully collateralized positions. This move, facilitated by its affiliate Kinetic Markets operating as a futures commission merchant, aims to enhance Kalshi's appeal to professional clients. While awaiting final CFTC approval for rule changes, this development arrives amid surging trading volumes and substantial investment in the prediction market sector, including Kalshi's own recent $1 billion funding round.