Polymarket takes next step in U.S. comeback with margin trading plan
Polymarket’s application to allow users to take positions that are not fully collateralized follows authorization granted to rival Kalshi in March.
By Olivier Acuna|Edited by Sheldon Reback
Jul 10, 2026, 9:35 a.m.
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Summary
Prediction market Polymarket applied for a license to offer U.S. users margin trading, enabling them to place bets with less upfront capital, Bloomberg reported Thursday.
Polymarket’s U.S. affiliate, Coming Home GBA LLC, filed for a futures commission merchant license with the National Futures Association, Bloomberg said, citing a company representative. Polymarket will also require authorization from the Commodity Futures Trading Commission (CFTC) for changes to its rulebook that would allow trading without fully collateralized positions.
Prediction market platforms like Polymarket and Kalshi offer yes-or-no wagers on the outcomes of events, such as weather, sports and elections. Margin trading lets investors open positions with less upfront capital, a practice common in traditional markets. Kalshi received clearance to offer margin trading in March.
Polymarket’s application comes as prediction markets continue to grow. Volumes hit $51 billion last year and are on pace to reach about $240 billion in 2026. Wall Street broker Bernstein recently said it expects volume to rise to $1 trillion by 2030 as the sector evolves from niche wagering into wide-based “information markets” spanning sports, crypto, politics and the economy.
Polymarket’s application follows a marketing campaign it announced Wednesday to convince policymakers, regulators and potential users that it is trustworthy. Four years ago, the company agreed to stop serving U.S. customers as part of a $1.4 million settlement with the CFTC, which alleged it had offered unregistered event-based derivatives.
Polymarket did not respond to a CoinDesk request for comment.
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Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
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Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.
Why it matters:
Digital assets posted a third consecutive quarter of losses in Q2 2026, the longest losing streak since the 2022 bear market, as institutional capital rotated into AI equities and Bitcoin ETFs recorded their largest quarterly outflow since launch. Our report examines what drove the divergence, where structural adoption continued regardless, and what Q3 signals to watch.