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Polymarket Affiliate Seeks License for Margin Trading to U.S. Users
Polymarket's U.S. affiliate applied for a futures commission merchant license to enable margin trading. The move follows Kalshi's clearance in March and comes as prediction market volumes grow rapidly.
Jul 10, 5:35 AM·1m read1 source
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Polymarket's U.S. affiliate, Coming Home GBA LLC, filed for a futures commission merchant license with the National Futures Association to offer margin trading to U.S. users, CoinDesk reported. The filing would let customers open positions without posting full collateral upfront.
The company will also need separate authorization from the Commodity Futures Trading Commission to amend its rulebook and permit non-fully collateralized trades. Kalshi received clearance for similar margin trading in March. Four years earlier, Polymarket agreed to stop serving U.S.
Customers under a $1.4 million settlement with the CFTC. The regulator had alleged that the platform offered unregistered event-based derivatives. Prediction market volumes reached $51 billion in 2025 and are on pace to hit about $240 billion this year, CoinDesk reported.
Wall Street broker Bernstein projects the total will reach $1 trillion by 2030. Polymarket announced a marketing campaign on July 9 aimed at policymakers, regulators and potential users. The company did not respond to a CoinDesk request for comment.
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