Kalshi Klear Seeks CFTC Approval for Event Contract Margin

Kalshi Klear, the clearinghouse of prediction market operator Kalshi, filed a request with the Commodity Futures Trading Commission on September 22, 2026 seeking approval to introduce risk-based margin for eligible event contracts on the platform. Currently, all event contracts on regulated U.S. exchanges must be fully collateralized, requiring traders to post the full amount needed to cover their maximum possible loss. Under the proposal, Kalshi Klear would set initial margin based on modeled adverse price moves over a one-day period, allowing qualified participants to control larger positions with less capital committed upfront. The requirement would remain capped at the maximum possible loss. Access would be restricted. Margin would be available only to selfclearing members with a direct relationship to Kalshi Klear who meet specified capital requirements, or to eligible contract participants clearing through a registered futures commission merchant. Sports, culture, and mention markets would be excluded from the program. Eligible contracts may cover economic, financial, political, commercial, and other objectively verifiable events.