Polymarket files for US futures commission merchant license to legally offer margin trading on prediction markets.
DeFi & Yields ·
Polymarket has filed applications to offer regulated margin trading in the United States, according to reporting from The Block. The move follows a similar approval granted to rival platform Kalshi in March, which became the first prediction market to receive such regulatory clearance.
The applications seek a futures commission merchant license, the regulatory designation required to legally provide margin trading services on prediction markets. This regulatory framework establishes the pathway for platforms to offer leveraged trading while operating within US oversight, distinguishing compliant operators from unregulated alternatives in the sector.
It remains unclear when regulators may act on Polymarket's applications or what specific margin trading terms and limits the platform intends to offer if approved.