Polymarket Files Applications for Margin Trading Registration with U.S. Regulator

According to The Block, Polymarket submitted applications to the National Futures Association for futures commission merchant (FCM) registration and related regulatory approvals on July 3. The applications, filed through affiliated entities PM Derivatives LLC and Coming Home GBA LLC, would allow the prediction market platform to offer margin trading to U.S. users. Full approval requires additional clearance from the Commodity Futures Trading Commission.

Rival prediction market platform Kalshi is already ahead in the regulatory process. Kalshi's affiliate, Kinetic Markets LLC, received NFA approval as a registered FCM and Swap Firm in March 2026, positioning it to offer leveraged trading.