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