Polymarket seeks to launch margin trading in U.S.

Polymarket seeks to launch margin trading in U.S.
Polymarket wants to offer a new service.

​Prediction market platform Polymarket has begun the process of obtaining approvals that could allow it to offer margin trading in the U.S. This would enable users to trade on event outcomes while providing only a portion of the capital normally required.

According to the National Futures Association’s BASIC system, Coming Home GBA LLC has submitted applications through PM Derivatives LLC for registration as a futures commission merchant (FCM), along with related approvals.

PM Derivatives LLC filed the main documents on July 3. The company applied for registration as an FCM, an NFA member, and a swap firm. Coming Home GBA is an affiliate of Polymarket.

However, Polymarket would also need approval from the U.S. Commodity Futures Trading Commission (CFTC) to fully launch leveraged trading.

Polymarket rival has already secured the necessary approvals

Rival platform Kalshi is further ahead in this process. In March 2026, its affiliate Kinetic Markets LLC received NFA approval and was registered as both an FCM and a swap firm. This positioned the platform to offer margin trading.

In June, the two largest prediction market platforms recorded their highest monthly trading volumes to date. According to The Block’s data dashboard, Kalshi generated $33 billion in volume, while Polymarket and its U.S. entity posted nearly $14 billion combined.

What is margin trading?

Margin trading allows users to open positions worth more than the capital they provide themselves. A trader deposits only a portion of the position’s value as collateral, while the platform effectively provides the remaining amount. For example, with a 10% margin requirement, a user would need to deposit only $100 to open a $1,000 position.

This mechanism increases both potential profits and potential losses. If the market moves against the position, the platform may require additional collateral or forcibly close the trade. On prediction markets, margin trading allows users to place larger bets on event outcomes, but it also significantly increases their financial risk.

Polymarket previously introduced instant Bitcoin deposits through the Lightning Network.

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