Polymarket wants in on regulated margin trading. The prediction market platform has filed applications to offer the service in the US, according to reports.
The move puts Polymarket in direct competition with Kalshi, which already secured US regulatory approval for margin trading back in March. Both platforms let users bet on the outcome of real-world events — elections, economic data, you name it. Margin trading essentially lets traders amplify their exposure by borrowing funds against their positions.
Polymarket hasn’t disclosed which regulator it filed with or the specific terms of its application. But the filing signals that prediction markets are angling for broader legitimacy in US financial markets. The space has grown rapidly, especially around political events. Regulators have been watching closely.
If approved, Polymarket would join Kalshi in offering leveraged bets — a development that could draw more institutional money into prediction markets. It also opens the door to more regulatory scrutiny. Whether that’s good or bad depends on who you ask.
