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Polymarket seeks to offer legal margin trading in the US
BlockBeats News. July 10 — According to Bloomberg, Polymarket is seeking regulatory approval to legally offer margin trading in the United States. If approved, users will be able to wager on event outcomes with less upfront capital, which may also help the prediction market platform attract more seasoned traders.
According to a filing submitted to the National Futures Association on July 3, Polymarket has applied through its affiliate, Coming Home GBA LLC, to register as a Futures Commission Merchant (FCM). In addition, Polymarket also needs approval from the U.S. Commodity Futures Trading Commission to amend its rulebook to allow non-fully collateralized trading.