Polymarket Seeks US Approval to Launch Margin Trading

Polymarket has applied for US regulatory approval to introduce margin trading, a move that would allow users to open prediction market positions without posting the full amount of capital upfront, Bloomberg reported.

As part of the process, the company applied for a futures commission merchant (FCM) license via its affiliate, Coming Home GBA LLC, by filing with the National Futures Association on July 3. It must also secure approval from the US Commodity Futures Trading Commission (CFTC) to amend its rulebook and permit non-fully collateralized trading.

If the necessary approvals are granted, users who access Polymarket's margin trading products would be required to complete additional identity verification checks under US regulations, including providing employer information.

Source: Bloomberg