Kalshi Launches Bitcoin-Backed Loans Amid Scrutiny Over Partner’s China Ties

U.S.-regulated prediction market Kalshi is expanding into crypto-backed leverage, allowing traders to borrow against Bitcoin and other digital assets to fund perpetual futures positions. The products will reach retail investors primarily through Webull — a broker now facing bipartisan scrutiny in Washington over concerns about China-linked access to customer data. Kalshi Opens Bitcoin-Backed Loans for Futures Margin Kalshi announced Wednesday a tri-party partnership with digital asset custodian BitGo Bank & Trust. Under the agreement, eligible Kalshi Prime clients can now borrow against Bitcoin (BTC), Ether (ETH), and compliant stablecoins held in BitGo custody to fund perpetual futures margin.