Polymarket Files for Approval to Bring Leveraged Prediction Trading to U.S. Customers

Polymarket explores U.S. margin trading launch as prediction market demand accelerates

Polymarket is seeking regulatory approval to offer margin trading to users in the United States, a move that would allow traders to enter positions with less upfront capital instead of providing full collateral.

The company’s U.S. affiliate, Coming Home GBA LLC, has reportedly submitted an application for a futures commission merchant (FCM) license with the National Futures Association, according to Bloomberg. To enable partially collateralized positions, Polymarket would also need authorization from the Commodity Futures Trading Commission (CFTC) to update its trading rules.

Platforms like Polymarket and Kalshi operate prediction markets where users trade contracts based on the likelihood of real-world events, including elections, sports outcomes, and weather forecasts. Margin trading, a widely used feature in traditional finance, allows participants to gain larger market exposure while committing only a portion of the total position value. Kalshi received approval to introduce margin trading capabilities in March.

Polymarket’s move comes as the prediction market sector continues to expand rapidly. Trading volume reached approximately $51 billion last year and is forecast to grow to nearly $240 billion in 2026. Bernstein analysts have predicted that the industry could eventually reach $1 trillion by 2030 as these platforms evolve beyond event betting into broader information markets covering politics, cryptocurrency, sports, and economic trends.

The regulatory push follows Polymarket’s recent outreach campaign designed to strengthen trust among government officials, regulators, and potential customers by highlighting the platform’s reliability and compliance efforts.

The company previously faced regulatory action in the U.S. In 2020, Polymarket agreed to stop serving American users and paid a $1.4 million settlement with the CFTC, which alleged that the platform offered unregistered event-based derivative contracts.

Polymarket has not released an official comment regarding the reported application.