Regulations
By Pankaj K
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Kalshi Set the Precedent in March. Kalshi's March approval didn't just give it a new product line — it basically drew a map for every…
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Why Margin Trading Changes the Game. Margin trading is a bigger deal than it might sound for a prediction market platform.
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What Comes Next for Polymarket. The approval process won't be quick. Regulatory decisions in this space rarely are, and there's no…
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Polymarket wants in. The prediction market platform has filed applications to offer regulated margin trading in the United States, a move that puts it squarely in competition…
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The gap between the two platforms is real. Kalshi got there first, securing the regulatory green light for margin trading months ago, and that head start matters in a market…
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Kalshi's March approval didn't just give it a new product line — it basically drew a map for every other platform watching from the sidelines.
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Kalshi cleared that bar. And now Polymarket is betting it can too.
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The two platforms aren't identical — they've competed on different terms for a while now — but margin trading is a specific capability that changes what users can actually do.
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What Polymarket hasn't said is almost as interesting as what it has. No specifics on the timeline. No public breakdown of the regulatory framework it's pursuing.
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Margin trading is a bigger deal than it might sound for a prediction market platform. Most of what Polymarket has offered sits in a relatively straightforward category — users…
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See also: USDT Leads Daily Payments While USDC Dominates DeFi
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Regulators know this. That's part of why the approval process is as demanding as it is. Platforms can't just decide to offer margin trading and flip a switch.
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Polymarket is still in the waiting phase. The application is in, and now it's a matter of whether regulators sign off.
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The broader trend here is worth noting without overstating it. Crypto and prediction market platforms across the board have been pushing toward regulated services, partly because…
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The approval process won't be quick. Regulatory decisions in this space rarely are, and there's no indication Polymarket has been given any kind of fast-track treatment.
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