Polymarket, the world’s largest decentralized prediction market platform, has just started implementing trading fees for short-term crypto price prediction markets. Previously, Polymarket operated completely free of charge, but now it has rolled out a new fee structure on the Polymarket US (beta app) and applied a fee curve for 15-minute crypto markets.
Accordingly, the Polymarket US app will charge a taker fee of 1 basis point (0.01%), marking the platform’s first fee mechanism since expanding into the mainstream market. Specifically, for 15-minute crypto markets, Polymarket applies a flexible fee rate, where sellers pay higher fees than buyers.
Notably, these fees do not become revenue for Polymarket but are used to reimburse liquidity providers (Maker Rebates), aiming to increase liquidity and improve trading efficiency. Alongside, Polymarket also announced an exclusive partnership with The Wall Street Journal and Dow Jones, demonstrating its growing influence beyond the DeFi sector.
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