Polymarket applies for a US futures commission merchant license, aiming to offer margin trading.

According to Bloomberg, the prediction market platform Polymarket is submitting an application for a Futures Commission Merchant (FCM) license to the National Futures Association in the United States and must obtain approval from the Commodity Futures Trading Commission (CFTC) to offer margin trading features. A Polymarket representative confirmed that the application has been submitted, with the new feature aiming 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 be required to undergo additional identity verification.