Prediction marketplace Polymarket has applied for a license to offer US users margin trading, allowing them to place bets with less initial capital, Bloomberg reported on Thursday.
Polymarket’s U.S. subsidiary, Coming Home GBA LLC, has applied for a futures commission dealer license with the National Futures Association, Bloomberg said, citing a company representative. Polymarket will also need permission from the Commodity Futures Trading Commission (CFTC) to change its rules that would allow trading without fully collateralized positions.
Prediction market platforms like Polymarket and Kalshi offer yes or no bets on the outcomes of events, such as weather, sports and elections. Margin trading allows investors to open positions with less initial capital, a common practice in traditional markets. Kalshi received approval to offer margin trading in March.
Polymarket’s application comes as prediction markets continue to grow. Volumes reached $51 billion last year and are on track to reach around $240 billion in 2026. Wall Street broker Bernstein recently said it expects volume to reach $1 trillion by 2030 as the industry evolves from niche betting to large-scale “information markets” covering sports, crypto, politics and economics.
