Polymarket has submitted an application to provide margin trading in the United States. If approved, users would be able to bet on events with less capital than usual.
The Block recently reported, citing the National Futures Association (NFA) BASIC system, that ComingHome GBA applied for approval related to futures commission merchant (FCM) registration through PM Derivatives. PM Derivatives submitted a main application on July 3 for registration as an FCM, an NFA member and a swap firm. Bloomberg previously reported that ComingHome GBA is a Polymarket affiliate. To fully introduce leveraged trading, it would also need additional approval from the Commodity Futures Trading Commission (CFTC).
Rival Kalshi, through an affiliate, secured a basis to offer margin trading after Kinetic Markets received approval from the NFA in March 2026 as a registered FCM and swap firm.
Both major prediction market platforms set monthly trading volume records in June. Kalshi posted $33 billion in trading volume last month, according to The Block’s data dashboard. Polymarket’s volume combined with that of its U.S. unit totaled about $14 billion.
Chi-gyu Hwang
delight@d-today.co.kr