Polymarket Submits Application for FCM License to Offer Margin Trading in U.S. on July 3

According to Bloomberg, Polymarket submitted an application for a futures commission merchant (FCM) license on July 3, seeking regulatory approval to offer margin trading to U.S. customers. An FCM license would allow the prediction market platform to operate more like a traditional futures broker, handling customer orders and funds for derivatives trading.

The filing marks another step in Polymarket's regulated U.S. expansion. The company received CFTC approval in November to operate a federally regulated intermediated trading platform, following a 2022 penalty of $1.4 million from the CFTC for operating an unregistered event contracts platform.