Prediction market platform Kalshi has filed a request with the U.S. Commodity Futures Trading Commission to introduce leveraged trading in regulated event contracts through its clearing arm, Kalshi Klear. Kalshi said full cash collateral requirements tie up funds and limit institutional participation in longer-dated contracts. The proposal would raise margin as expiry nears and exclude sports, culture and “mention” markets. Questions have also been raised about repeated fixed-size trades in crypto perpetual futures samples.

Kalshi has started trading perpetual gold and silver futures contracts, known as “Perps,” for U.S. traders after securing approval from the U.S. Commodity Futures Trading Commission. The contracts began trading on Kalshi’s website and were certified on Sept. 8, according to CFTC records. Kalshi said demand from traders drove the expansion from crypto into metals. It plans to broaden Perps to other non-crypto assets while competition with established derivatives exchanges intensifies.