Kalshi filed on Tuesday with the Commodity Futures Trading Commission seeking approval to offer leverage on its event contracts, a move the company says is aimed at drawing institutional traders to its prediction markets.

The filing came from Kalshi Klear, the company’s internal clearinghouse. With margin trading, a trader uses borrowed funds to gain exposure to more of an asset than their own cash would cover, a standard practice in equities and derivatives markets, though one not yet permitted on regulated U.S. event contract exchanges.

Access to leverage, if the CFTC signs off, would be restricted to self-clearing members who satisfy specified capital thresholds given their direct clearing relationships with Kalshi Klear, a company spokesperson confirmed. The company said it would not offer margin on sports event contracts, or on its culture and “mention” markets.

Leverage is already a feature on Kalshi’s perpetual futures products, but the company has not yet cleared the regulatory bar to extend it to its prediction market offerings.