Polymarket Submits FCM Application for Margin Trading Approval in U.S. on July 10

According to Bloomberg, on July 10, Polymarket submitted a futures commission merchant (FCM) application with the U.S. National Futures Association to offer margin trading, enabling users to participate in predictions with less upfront capital. The platform's affiliate, Coming Home GBA LLC, filed the application and requires Commodity Futures Trading Commission (CFTC) approval of its rulebook to permit non-fully-collateralized trades. If approved, users will undergo additional identity verification, including providing employer information.
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