PM Derivatives, a Polymarket subsidiary, approved by NFA as futures commission merchant

According to TechFlow, on November 4, Polymarket announced that its subsidiary PM Derivatives has been approved by the U.S. National Futures Association (NFA) as a futures commission merchant (FCM) and will operate on a fully collateralized basis.

Polymarket said all positions will be fully funded at the time of trading, and offering margin trading in the future would require additional regulatory approval. The company said PM Derivatives will add an intermediary layer to its direct exchange model and continue working with existing futures commission merchants and brokerage partners.

Source: TechFlow