Polymarket applies for a U.S. futures license to conduct margin trading in compliance

According to Bloomberg, the prediction market platform Polymarket is seeking regulatory approval in the United States to conduct margin trading operations in compliance.

The company submitted a futures commission merchant (FCM) operating application to the National Futures Association (NFA) through its subsidiary Coming Home GBA LLC on July 3. This move will allow users to participate in event betting with less capital and is expected to attract more professional traders to the market.