Polymarket's application to allow users to take positions that are not fully collateralized follows authorization granted to rival Kalshi in March.

After four years in exile, the prediction market platform Polymarket has begun a well-funded campaign to sell a new version of itself to the American public.

After four years in exile, the prediction market platform Polymarket has begun a well-funded campaign to sell a new version of itself to the American public

Following a 2022 CFTC ban and a federal raid on its CEO's home, the company has launched a U.S. mobile app for real-money sports betting.

Polymarket is pursuing CFTC approval to reopen its main offshore prediction market to US traders after a $112 million acquisition of CFTC-licensed exchange

Polymarket's rival platform, Kalshi, already received US regulatory approval to provide margin trading back in March.

The application would let users open larger positions with less capital if regulators approve the required rule changes.

Polymarket's application to allow users to take positions that are not fully collateralized follows authorization granted to rival Kalshi in March.

Polymarket filed for futures commission merchant status on July 3 to offer margin trading in the US, reducing capital requirements for prediction market