Polymarket's application to allow users to take positions that are not fully collateralized follows authorization granted to rival Kalshi in March.
By Olivier Acuna|Edited by Sheldon Reback Jul 10, 2026, 9:35 a.m. 1 min readMake preferred on Share this articleMake preferred on
- Polymarket’s U.S. affiliate applied for a National Futures Association license to offer margin trading to U.S. users.
- The company will also need CFTC approval to change its rulebook so users can trade without fully collateralized positions.
- Polymarket’s move comes amid rapid growth in prediction market as it returns to the U.S. after a four-year ban.
Prediction market Polymarket applied for a license to offer U.S. users margin trading, enabling them to place bets with less upfront capital, Bloomberg reported Thursday.
Polymarket's U.S. affiliate, Coming Home GBA LLC, filed for a futures commission merchant license with the National Futures Association, Bloomberg said, citing a company representative. Polymarket will also require authorization from the Commodity Futures Trading Commission (CFTC) for changes to its rulebook that would allow trading without fully collateralized positions.
Prediction market platforms like Polymarket and Kalshi offer yes-or-no wagers on the outcomes of events, such as weather, sports and elections. Margin trading lets investors open positions with less upfront capital, a practice common in traditional markets. Kalshi received clearance to offer margin trading in March.
Polymarket's application comes as prediction markets continue to grow. Volumes hit $51 billion last year and are on pace to reach about $240 billion in 2026. Wall Street broker Bernstein recently said it expects volume to rise to $1 trillion by 2030 as the sector evolves from niche wagering into wide-based “information markets” spanning sports, crypto, politics and the economy.
Polymarket’s application follows a marketing campaign it announced Wednesday to convince policymakers, regulators and potential users that it is trustworthy. Four years ago, the company agreed to stop serving U.S. customers as part of a $1.4 million settlement with the CFTC, which alleged it had offered unregistered event-based derivatives.
Polymarket did not respond to a CoinDesk request for comment.
PolymarketPrediction MarketsRegulation
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