Kalshi Approved For Margin Trading As Washington State Sues It For Illegal Gambling

Kalshi was approved for margin trading on the same day Washington’s attorney general sued it for running an illegal gambling operation.The prediction market platform secured a futures commission merchant license through an affiliate called Kinetic Markets LLC. The license would let institutional users open positions without posting the full amount of capital, a feature hedge funds have been waiting for.Kalshi CEO Tarek Mansour said a margin product would be coming “soon.” He noted capital efficiency is the ...