Kalshi is seeking US regulatory approval to offer margin trading on its event contracts, according to the report. The discussions have been under way for months and the initial proposal targets institutional investors; Kalshi and the Commodity Futures Trading Commission declined to comment.
Regulatory approval could let Kalshi offer institutional investors margin trading on event contracts.
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Kalshi received National Futures Association approval to operate a futures commission merchant through Kinetic Markets LLC, according to the report. The company could offer margin trading to institutional clients, but the Commodity Futures Trading Commission must also approve the arrangement before it can launch.
Fanatics launched its Fanatics Markets event-trading product in 10 US markets on Wednesday, the company said. It covers sports, finance and culture, with expansion into other areas planned for next year. State regulators have warned that sports event contracts could affect sportsbook licences.
Kalshi launched cash-settled Bitcoin perpetual contracts in the US after the CFTC approved the product, according to the report. The contracts track Bitcoin spot prices and have no fixed expiry; the report says the launch is a first for US firms.
iGamingToday reported that Kalshi added markets covering clinical trial results and FDA decisions. Users can trade on whether experimental medicines pass trials or obtain regulatory approval.
Representatives Steven Horsford and Mark Amodei introduced a bipartisan House bill that would bar federally registered trading platforms from listing sports and casino-style event contracts. The proposal would leave weather and economic contracts under Commodity Futures Trading Commission jurisdiction and preserve state and tribal gaming authority; its sponsors said it seeks to address differing oversight of these markets.