According to a Bloomberg report on July 10th, Polymarket is seeking regulatory approval to legally offer margin trading in the United States. If approved, users will be able to bet on event outcomes with less upfront capital, which would also help the prediction market platform attract more sophisticated traders.
According to a filing submitted to the National Futures Association on July 3, Polymarket, through its affiliate Coming Home GBA LLC, has applied for registration as a Futures Commission Merchant (FCM). In addition, Polymarket needs approval from the Commodity Futures Trading Commission to amend its rulebook to allow for non-fully-collateralized trading.