Jack Paul 
Gondor has introduced V1, a new margin account that lets users borrow against their entire Polymarket portfolio and use the credit to buy more positions. The product was announced on Monday and will enter private access next week before launching publicly in September.
The platform uses a cross margin system. This means it considers a trader’s full portfolio as collateral rather than evaluating each prediction market position separately. Gondor does not take custody of user assets.
From beta to launch
The launch follows a seven-month beta period. That beta was designed to test demand for credit backed by Polymarket positions and to see if the model could operate sustainably at scale. More than 150,000 users joined the beta waitlist. Gondor reviewed applicants’ Polymarket profiles and selected 1,000 of the platform’s most active traders to test the product.
The beta initially used an isolated lending model. Traders borrowed against individual positions. But Gondor said this structure created problems because binary positions can quickly fall from a high value to nearly zero before lenders can liquidate them. Accounting for that gap risk required lenders to charge higher interest rates or fees. It also forced the protocol to restrict borrowing to liquid markets, cap exposure, and close some loans before the underlying market resolved. Gondor said those restrictions created a tradeoff between protecting lenders and offering competitive terms to borrowers.
How cross margining changes things
V1 attempts to address that issue through cross margining. This structure is used by traditional prime brokers to extend credit against an entire portfolio. Gains and collateral across other positions can support an account when one position loses value. The company said the model allows it to extend more credit at lower rates, support a wider range of markets, and let users maintain positions through resolution.
What is still unknown
The announcement did not disclose borrowing rates, collateral requirements, liquidation thresholds, or which markets will be supported when private access begins. Those details may emerge closer to the public launch in September.