Svmuu News: Prediction market platform Polymarket is seeking U.S. regulatory approval to offer margin trading, which would allow users to place bets with less upfront capital. Through its affiliate, Coming Home GBA LLC, the company has filed an application with the National Futures Association (NFA) to become a futures commission merchant (FCM) and must obtain approval from the CFTC for its rulebook to permit non-fully-collateralized trading. A Polymarket representative confirmed that the application for an FCM license has been submitted. Kalshi obtained a futures commission merchant license earlier this year and launched perpetual contracts, with trading volume exceeding $5.5 billion within two weeks. If Polymarket’s application is approved, users will be required to undergo additional identity verification, including providing employer information.