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Crypto · October 21, 2026

Kalshi to Allow Leveraged Futures Bets With Bitcoin-Backed Loans

3 sources →

Kalshi Inc. has entered an agreement with digital-asset custodian BitGo Holdings Inc. to allow Kalshi Prime clients to use Bitcoin-backed loans as collateral for leveraged perpetual futures trades. This move coincides with a distribution deal with Webull to offer these perpetual contracts to a larger retail customer base. Bitcoin-backed loans allow holders to access liquidity without selling their assets, though they carry risks of liquidation if the collateral's value drops below certain loan-to-value thresholds.

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Hype check

How the hype check works

Confirmed · 2

Backed by filings, on-chain data, official statements or several independent publishers.

  • Kalshi will use BitGo for digital asset custody in a lending arrangement. (Bloomberg)
  • Bitcoin-backed loans allow borrowing without selling BTC. (Decrypt)

Claimed · 1

Said by a company, project or person; not yet independently confirmed.

  • Kalshi contracts will be available to 6 million Webull customers. (Kalshi)

Speculation · 1

Price talk, forecasts or unnamed sources, quoted as someone else's view.

  • Bitcoin-backed loans help avoid taxable sales. (Decrypt)

Reported by multiple outlets

  • Kalshi is partnering with BitGo Holdings Inc. for a Bitcoin-backed lending arrangement.
  • The arrangement allows clients to use Bitcoin as collateral for leveraged perpetual futures trades.
  • Kalshi Prime is the specific tier of service mentioned for these lending features.

Reported by only some outlets

  • Kalshi has a distribution deal to put its perpetual contracts in front of Webull's 6 million customers.
  • Bitcoin-backed loans typically have loan-to-value ratios between 30% and 70%.
  • Interest rates for Bitcoin-backed loans generally range from 5.8% to 14%.

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