Polymarket seeks to offer legal margin trading in the US

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Gold Finance reported on July 10 that, according to Bloomberg, Polymarket is seeking regulatory approval to legally offer margin trading in the United States. If approved, users would be able to bet on event outcomes with less upfront capital, which would also help the prediction market platform attract more sophisticated traders.

The report said that according to a document filed with the National Futures Association on July 3, Polymarket has applied to register as a futures commission merchant (FCM) through its affiliate Coming Home GBALLC. In addition, Polymarket also needs approval from the U.S. Commodity Futures Trading Commission to amend its rulebook to allow non-fully collateralized trading.

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