- Polymarket filed to offer regulated margin trading in the U.S.
- The company is seeking futures commission merchant registration.
- CFTC approval will also be required.
- Rival Kalshi already secured similar approval.
Polymarket is taking another step toward expanding its U.S. business after filing applications to offer regulated margin trading.
An affiliated entity submitted applications to become a registered Futures Commission Merchant (FCM), NFA member, and Swap Firm. If approved by both the National Futures Association and the Commodity Futures Trading Commission, Polymarket would be able to offer leveraged trading that allows users to open larger positions with less upfront capital.
The move follows rival Kalshi, which secured similar regulatory approval earlier this year and is already positioned to launch margin trading.
The filing comes as prediction markets continue experiencing rapid growth. In June alone, Kalshi recorded roughly $33 billion in trading volume, while Polymarket's global and U.S. platforms combined processed nearly $14 billion.
The expansion signals growing competition as prediction market platforms race to build more sophisticated financial products.
