Polymarket Seeks to Offer Legal Margin Trading in the United States

BlockBeats News, July 10th. According to Bloomberg, Polymarket is seeking regulatory approval to offer margin trading legally in the United States. If approved, users will be able to bet on event outcomes with less upfront capital, helping the prediction market platform attract more sophisticated traders.

Based on documents submitted to the National Futures Association on July 3rd, Polymarket has applied through its affiliate Coming Home GBA LLC to register as a Futures Commission Merchant (FCM). Additionally, Polymarket also needs approval from the U.S. Commodity Futures Trading Commission to modify its rulebook to allow for non-full collateralized trading.