Polymarket is seeking U.S. regulatory approval to offer margin trading to customers in the United States, according to Bloomberg and reported by CoinDesk. The company’s U.S. affiliate, Coming Home GBA LLC, has applied to the National Futures Association for a futures commission merchant (FCM) license. Polymarket would also need authorization from the Commodity Futures Trading Commission (CFTC) to change its rulebook so that it can allow trading positions that are not fully collateralized upfront.
Margin trading would let users place yes-or-no bets on event outcomes—such as elections, sports, or weather—with less upfront capital than fully collateralized positions require. The reports note that other prediction-market platforms have been moving toward similar offerings; Kalshi received clearance to offer margin trading in March.
The application comes as prediction markets expand and as Polymarket works to re-enter the U.S. market. Four years ago, Polymarket agreed to stop serving U.S. customers as part of a $1.4 million settlement with the CFTC over allegations that it had offered unregistered event-based derivatives. Polymarket did not respond to a CoinDesk request for comment.
