Kalshi Prime customers will be able to borrow against bitcoin, ethereum and GENIUS Act-compliant stablecoins held at BitGo Bank & Trust, with loans issued by affiliate Kalshi Katalyst to fund margin on perpetual futures. Prime CEO Jeff Bandman said the product targets crypto-native traders and businesses using dollar stablecoins, addressing a disadvantage versus Polymarket. Separately, Webull will offer Kalshi-listed perpetuals to over 6 million customers starting in November, initially for existing futures-approved accounts. The expansion follows Kalshi's CFTC-cleared bitcoin perpetual in June, gold and silver perpetuals in September, and comes amid state lawsuits, including Utah's action Monday over alleged illegal sports gambling.

AI summary of the linked source — not editorial content.

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9 accounts

first post
Leviathan +15.2 h later

KALSHI reaction
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−1.6% 24h after post

$940.79 → $925.91
BTC −1.5% same window

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+3.6% 24h after post

$5.85 → $6.05
BTC −1.5% same window

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−1.9% 24h after post

$84,541 → $82,910

Thread · 1 event
  1. First reportKalshi plans to let users borrow against Bitcoin to fund leveraged futures bets9 acc.
  2. Leviathan published this article

All times UTC.

Cited posts

  • @TheBitcoinConf The Bitcoin ConferenceOn X ↗

    🚨 KALSHI TO ALLOW #BITCOIN BACKED LOANS FOR LEVERAGED FUTURES TRADING 🚀 This would allow eligible clients to use Bitcoin as collateral for loans to fund leveraged futures positions. Would you use this product? 👀

  • @cryptodotnews crypto.newsOn X ↗

    JUST IN: Kalshi partners with BitGo to offer crypto-backed loans for leveraged trading Eligible Kalshi Prime clients will be able to borrow against BTC, ETH and compliant stablecoins to fund perpetual futures positions.

  • @business BloombergOn X ↗

    Kalshi will let some clients use crypto as collateral for leveraged perpetual-futures trades through a new BitGo arrangement https://t.co/xU2zMGTsHu

Show 3 more cited posts
  • @beincryptoOn X ↗

    Kalshi Partners With BitGo to Offer Crypto-Backed Margin for Perpetual Futures Kalshi Prime is allowing clients to borrow against $BTC, $ETH, and stablecoins to fund leveraged perpetual futures trades. Loans are issued by affiliate Kalshi Katalyst against collateral held at…

  • @CoinGapeMedia CoinGapeOn X ↗

    🤝🏻 #KALSHI and #BitGo Partner to Offer #Bitcoin and Ethereum-Backed Loans for #Futures Trading 🔗 Full story in comments

  • @emilyjnicolle Emily NicolleFirst reportOn X ↗

    excl: Kalshi plans to start accepting crypto as collateral for margin trades against perpetual futures. BTC, ETH and stablecoins to start, under a tri-party arrangement w/ BitGo https://t.co/OgKel2UmHB

3 more accounts posted about this · 1 Telegram channel (no public link)

TradersTrader calls tracked by Elfa · not advice

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Crowding85th percentile · vs last 28 days, 50 typical
Pulse 24h91/100 · unusualness of new calls, 0–100, 50 typical, higher means more long than usual
Book97.4% long · 11,043 accounts

As of 22 Oct 05:35 UTC.

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