According to Bloomberg, prediction market platform Polymarket is seeking U.S. regulatory approval to offer margin trading, allowing users to open positions without committing the full amount of capital, and to attract more sophisticated traders. On July 3, Polymarket applied for a Futures Commission Merchant (FCM) license with the U.S. National Futures Association through its affiliate Coming Home GBA LLC. It also needs approval from the U.S. Commodity Futures Trading Commission to amend its rulebook to permit non-fully collateralized trading. Under U.S. regulations, users of prediction market margin products must undergo additional identity verification, including providing employer information.