Gondor introduced V1, a margin account that allows users to borrow against their entire Polymarket portfolios and use the credit to purchase additional positions.
Introducing Gondor v1, the first margin account for Polymarket
Cross-margin your positions, borrow against the entire portfolio and use the credit to buy more shares
1/ pic.twitter.com/15HB9t7Mdo
— Gondor (@gondorfi) July 13, 2026
According to an announcement on Monday, the product will go private next week before launching publicly in September.
Gondor said V1 uses a cross-margin system that considers a trader’s entire portfolio as collateral rather than evaluating each forecasted market position separately. The platform does not take control of user assets.
The launch follows a seven-month beta designed to test demand for credit supported by Polymarket positions and determine whether the model could work sustainably at scale.
More than 150,000 users have joined the beta waitlist. Gondor reviewed applicants’ Polymarket profiles and selected 1,000 of the most active traders on the platform to test the product.
The beta initially used an isolated lending model in which traders borrowed against individual positions. Gondor said the structure posed problems because binary positions can quickly drop from a high value to near zero before lenders can liquidate them.
To account for that gap risk, lenders had to charge higher interest rates or fees. It also forced the protocol to limit lending to liquid markets, limiting exposure and closing some loans before the underlying market recovered.
Gondor said these restrictions created a trade-off between protecting lenders and providing competitive terms to borrowers.
V1 attempts to address this problem through cross-margining, a structure used by traditional prime brokers to provide credit across an entire portfolio. Profits and collateral on other positions can support an account when a position loses value.
The company said the model allows it to provide more credit at lower rates, support a wider range of markets and allow users to maintain positions through resolution.
The announcement did not reveal interest rates, collateral requirements, liquidation thresholds or which markets will be supported when private access begins.