Polymarket seeks margin trading license
Analysis based on 8 articles · First reported Jul 09, 2026 · Last updated Jul 10, 2026
The application signals growing institutionalization of prediction markets, potentially boosting volumes and attracting more sophisticated traders. If approved, Polymarket could better compete with Kalshi, driving further market expansion and regulatory clarity.
Polymarket, a leading prediction market platform, has applied for a Futures Commission Merchant (FCM) license through its affiliate Coming Home GBA LLC, filed with the United States — National Futures Association on July 3, 2026. The license would allow Polymarket to offer margin trading to US users, enabling leveraged bets on event outcomes. Additionally, Polymarket must obtain approval from the United States — United States Commodity Futures Trading Commission (CFTC) to amend its rulebook for non-fully collateralized trading. This move intensifies competition with rival Kalshi, which secured its own FCM license earlier in 2026. The prediction market industry has seen rapid growth, with volumes reaching $51 billion in 2025 and projected to hit $240 billion in 2026. Bernstein forecasts volume could rise to $1 trillion by 2030. Margin trading is expected to attract institutional investors, but also brings enhanced identity verification requirements and regulatory scrutiny over insider trading risks.
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