Kalshi taps BitGo for crypto-backed loans to fund futures trading

Prediction market Kalshi has partnered with custody firm BitGo to offer crypto-backed loans that customers can use for futures trading. The arrangement could improve capital efficiency for traders who want to post collateral without selling their holdings, but it also raises risk exposure if leveraged positions move against borrowers. Traders should watch whether similar collateralized-lending products spread across other venues, since that would affect leverage and liquidity conditions in crypto derivatives.