Kalshi and LedgerX advance to next step of launching new event contracts exchange
The CFTC announced it has approved LedgerX to clear fully-collateralized futures, options on futures, and swaps, which includes contracts that will be offered on Kalshi, a marketplace for trading contracts based on discrete events, subject to CFTC approval.
“We’re pleased that the CFTC has taken this action, which allows LedgerX to clear a wider variety of products,” said Zach Dexter, CEO and Co-Founder of LedgerX. “We’re excited that we’ll be able to offer our clearinghouse services to Kalshi, subject to Kalshi’s Designated Contract Market approval from the CFTC. Their innovative market for discrete event contracts will expand the investment universe for all types of investors.”
“This is an important step for Kalshi,” said Tarek Mansour, CEO and Co-Founder of Kalshi. “With a clearinghouse partner now approved, we look forward to working together to create an innovative, safe and transparent marketplace for event contracts that will allow investors to invest directly in events — or to hedge risk related to events — that matter to them in a straightforward manner.”
Kalshi is innovating new ways to trade on the outcome of discrete events by building a financial exchange to trade on those outcomes, subject to regulatory approval.