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Polymarket seeks US approval for margin trading on prediction markets
The platform’s U.S. affiliate filed with the National Futures Association and also needs CFTC approval to allow trades without fully collateralized positions.
CoinDesk reports Polymarket is taking another step in its return to the U.S. by seeking permission to offer margin trading to American users on its prediction market platform. According to CoinDesk, Polymarket’s U.S. affiliate, Coming Home GBA LLC, applied for a National Futures Association futures commission merchant license to support margin trading. The proposal would also require CFTC authorization to change Polymarket’s rulebook so users can take positions without fully collateralized funds.
CoinDesk notes that margin trading would allow users to open bets with less upfront capital, a structure common in traditional markets. Prediction market platforms such as Polymarket and Kalshi offer yes-or-no wagers on outcomes including weather, sports, and elections.
The move comes as prediction market activity expands in the U.S. CoinDesk cited figures showing volumes of $51 billion last year, with expectations for about $240 billion in 2026. The report also points out that Kalshi received clearance to offer margin trading in March, and that Polymarket previously agreed to stop serving U.S. customers as part of a $1.4 million CFTC settlement related to allegations of unregistered derivatives.