Wu Blockchain (@WuBlockchain): Polymarket Seeks License to Offer Margin Trading Legally in US
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Polymarket Seeks License to Offer Margin Trading Legally in US According to Bloomberg, Polymarket, the world’s largest prediction market platform, is seeking US regulatory approval to offer margin trading, allowing users to open positions without posting the full amount of capital upfront. On July 3, Polymarket applied through its affiliate Coming Home GBA LLC for a futures commission merchant license with the National Futures Association. It must also obtain CFTC approval to amend its rulebook to permit non-fully collateralized trading. US rules would require users of prediction market margin products to undergo additional identity checks, including providing employer information.