Polymarket-based DeFi startup Gondor has unveiled what it’s calling the first margin account for Polymarket, the largest fully blockchain-based prediction market.
Gondor v1, announced via X on Monday, will enable users to cross-margin their Polymarket positions to "borrow against the entire portfolio and use the credit to buy more shares," according to the post.
This new offering marks a significant advancement from Gondor’s beta product, which launched seven months ago and focused on borrowing against individual positions.
Prediction markets like Polymarket and Kalshi are typically fully collateralized, meaning users deposit the full amount they’re risking upfront, locking their capital until the event resolves. Gondor’s initial iteration, added leverage to that dynamic, by enabling users by enabling users to borrow against individual positions, freeing up capital without forcing an immediate sale.
"Cross-margining solves the core problems of isolated leverage," Gondor wrote. "It allows more margin to be extended safely at lower rates, supports a wider range of markets, and lets borrowers hold positions through resolution. Most importantly, cross-margining is a model that can scale: a win-win for both lenders and borrowers."
