Yes there is.
There are two methods of doing this.
If you want all KVM sessions to always be in view mode then you can go to following registry location
HKEY_LOCAL_MACHINE\SOFTWARE\Stardock\Multiplicity2\KVM\KVM
and add a string value called "AlwaysViewOnly" and give that a value of 1
OR
If you want to do it for a specific machine connection then find the connection here
HKEY_LOCAL_MACHINE\SOFTWARE\Stardock\Multiplicity2\Machines\<MACHINE NAME HERE>
And add a String value called ViewOnly and give it a value of 1 in the correct sub folder.
Please note these are HKLM not HKCU