Polymarket, a decentralized prediction market platform, has implemented trading fees on its short-duration cryptocurrency price markets, according to company announcements.
Summary
- The decentralized prediction market has introduced fees on short-duration crypto price markets and on its Polymarket US app, marking a shift away from its long-standing zero-fee model.
- Under the new schedule, takers on the Polymarket US app will pay 1 basis point (0.01%), with fees also applied to 15-minute cryptocurrency markets.
- The move establishes Polymarket’s first direct source of revenue as it expands into more mainstream trading markets through its US app, which is currently in private beta.
The platform, which describes itself as the world’s largest decentralized prediction market, had operated without charging fees until the recent changes. The company has introduced a new trading fee schedule to its Polymarket US app, currently in private beta, and implemented a fee structure for its 15-minute crypto markets.
The Polymarket US app will charge takers 1 basis point, equivalent to 0.01%, according to the company. The fee represents Polymarket’s first revenue stream since its expansion into mainstream markets.
The platform previously operated on a zero-fee model across all its prediction market offerings.
Source: https://crypto.news/polymarket-intros-trading-fees-us-app-crypto-markets/
