Polymarket's PM Derivatives Wins NFA Approval for U.S. Brokerage

Polymarket's PM Derivatives, LLC received National Futures Association (NFA) approval as a futures commission merchant, adding a regulated brokerage arm to the company's U.S. exchange and clearing operations. Polymarket announced the approval Nov. 3. The authorization permits PM Derivatives to accept customer orders and hold customer funds as a broker. Polymarket did not announce that the unit had begun serving customers. PM Derivatives plans to require customers to fund each position in full when they trade. A later move to margin trading would need further regulatory approval.

Source: TokenPost