Polymarket applies for a US futures commission merchant license with the aim of providing margin trading
According to Bloomberg, the prediction market platform Polymarket is submitting a Futures Commission Merchant (FCM) application to the National Futures Association in the United States and requires approval from the Commodity Futures Trading Commission (CFTC) to provide margin trading functionality. Polymarket representative confirms that the application has been submitted, and this feature aims to attract institutional investors. Kalshi obtained an FCM license earlier this year and launched perpetual contracts, with trading volume exceeding $5.5 billion within two weeks. If Polymarket is approved, users will need to undergo additional identity checks.