Polymarket Applies for US Margin Trading Licence: Bloomberg

The prediction market's affiliate, Coming Home GBA LLC, applied on 3 Jul to register as a futures commission merchant (FCM) with the National Futures Association (NFA) according to the NFA's BASIC database. It's part of a set of three filings that also covers NFA membership and swap firm registration. 

FCM status would let Polymarket hold customer funds and support positions where traders post only a portion of a contract's value upfront. Until now, leverage on Polymarket has only been available through third-party layers built on top of the exchange.

The Commodity Futures Trading Commission would still need to approve rulebook changes before any margined event contracts go live. 

Rival Kalshi completed the same NFA stage in March through its affiliate Kinetic Markets LLC.