NFA approves Kalshi margin trading for institutional clients, pending CFTC sign-off
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.
CFTC approval would determine whether Kalshi can extend leveraged event-contract trading to institutional clients.