Prediction market Polymarket has applied for a license to offer margin trading to users in the United States, allowing them to place bets with a small initial capital, Bloomberg reported on Thursday.
Bloomberg reported, citing a company representative, that Polymarket’s U.S. affiliate, Coming Home GBA LLC, has applied for a futures broker license from the National Futures Association. Polymarket also needs approval from the Commodity Futures Trading Commission (CFTC) for changes to its rulebook that would allow trading without fully collateralized 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 initial capital, and is a common practice in traditional markets. Kalsi received permission to offer credit trading in March.
Polymarket’s application comes as prediction markets continue to grow. Last year, trading volume reached $51 billion, and is on track to reach about $240 billion by 2026. Wall Street broker Bernstein recently said he expects trading volume to rise to $1 trillion by 2030 as the sector evolves from niche gambling to a broader “information market” spanning sports, cryptocurrencies, politics and economics.
