Prediction market Polymarket applied for a license to offer US users margin trading, enabling them to place bets with less upfront capital, Bloomberg reported on Thursday.
Polymarket’s U.S. subsidiary, Coming Home GBA LLC, applied for a futures commission merchant license with the National Futures Association, Bloomberg said, citing a company representative. Polymarket will also require authorization from the Commodity Futures Trading Commission (CFTC) for changes to its rulebook that will allow trading without fully hedged positions.
Prediction market platforms such as Polymarket and Kalshi offer yes-or-no bets on the outcome of events such as weather, sports and elections. Margin trading allows investors to open positions with less upfront capital, a practice common in traditional markets. Kalshi received approval to offer margin trading in March.
Polymarket’s application comes as prediction markets continue to grow. Volumes hit $51 billion last year and are on track to reach around $240 billion by 2026. Wall Street brokerage Bernstein recently said it expects volumes to rise to $1 trillion by 2030 as the sector evolves from niche betting to broad-based “information markets” spanning sports, crypto, politics and economics.
