Polymarket Seeks U.S. Margin Trading License

The prediction market platform Polymarket is seeking regulatory approval in the United States to offer margin trading, allowing users to participate in bets with less upfront capital. The company submitted a Futures Commission Merchant (FCM) application to the National Futures Association through its affiliate, Coming Home GBA LLC, and must obtain CFTC approval for its rulebook to allow non-full collateral trading. A representative from Polymarket confirmed that the FCM license application has been submitted. Margin trading is seen as key to attracting institutional investors; Kalshi received its FCM license earlier this year and launched perpetual contracts, achieving over $5.5 billion in trading volume within two weeks. If Polymarket's application is approved, users will need to undergo additional identity verification, including providing employer information.

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