Polymarket Seeks NFA Futures Commission Merchant License as It Pursues Non-Fully Collateralized Trading

Polymarket applied on July 3 through Coming Home GBA LLC for a futures commission merchant license with the National Futures Association. According to NS3.AI, Polymarket must also obtain approval from the U.S. Commodity Futures Trading Commission to amend its rulebook to allow non-fully collateralized trading. The application and the required regulatory approval are part of the steps Polymarket would need to take to move forward with the proposed trading structure.