Polymarket, has applied for U.S. regulatory approval to offer perpetual futures, a move that would allow users to open larger positions with borrowed funds as the company expands its presence in the regulated U.S. market.

The company has filed applications through its affiliate, Coming Home GBA LLC, seeking a Futures Commission Merchant (FCM) license, according to reports.If approved, the license would allow Polymarket to offer leveraged event contracts, enabling traders to post only a fraction of the capital required for a position.

Rival prediction markets operator, Kalshi, already holds a margin trading license making it the preferred partner among institutional players.