Polymarket's application to allow users to take positions that are not fully collateralized follows authorization granted to rival Kalshi in March.
- Polymarket’s U.S. affiliate applied for a National Futures Association license to offer margin trading to U.S. users.
- The company will also need CFTC approval to change its rulebook so users can trade without fully collateralized positions.
- Polymarket’s move comes amid rapid growth in prediction market as it returns to the U.S. after a four-year ban.
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Gate Leads Spot Market Share Gains as CEX Volumes Rise for First Time in Five Months
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Why it matters :
CEX trading volumes rose for the first time in five months in June, with spot climbing 15.3% to $1.11T and RWA perpetual volumes surging to a record $311B.
Franklin Crypto CIO says crypto prices are disconnected from fundamentals
Bitcoin panic-selling may be ending as sellers' profit margins disappear
Strategy pauses its Bitcoin buying spree to hoard a massive $3 billion cash cushion
Original sourceCoinDesk
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