[Polymarket Seeks License to Legally Offer Margin Trading in the U.S.] According to Bloomberg, prediction market platform Polymarket is seeking regulatory approval in the U.S. to offer margin trading, allowing users to participate in bets with less upfront capital. The company has submitted a Futures Commission Merchant (FCM) application through its affiliate, Coming Home GBA LLC, to the National Futures Association (NFA) and requires approval from the Commodity Futures Trading Commission (CFTC) for its rulebook to permit non-fully collateralized trading. A Polymarket representative confirmed the submission of the FCM license application. Margin trading is seen as a key factor in attracting institutional investors. Earlier this year, Kalshi obtained an FCM license and launched perpetual contracts, achieving over $5.5 billion in trading volume within two weeks. If Polymarket's application is approved, users will need to undergo additional identity verification, including providing employer information.