Polymarket updates fee structure and offers up to 30% referral rewards
Polymarket introduced a referral program offering up to 30% rewards and expanded its fee structure across nine market categories.Summary
Blockchain prediction market platform Polymarket has launched a referral program allowing users to earn up to 30% in rewards from the trading fees of direct referrals (10% for indirect referrals), with unlimited upside deposited in real-time. Concurrently, Polymarket is updating its fee structure, effective March 30, expanding taker fees from two categories to nine, including politics, finance, and technology. Fees will utilize a standardized formula based on trade size and price, with peak effective rates reaching up to 1.8%. This shift moves away from the platform's previous zero-fee model that attracted billions in wagers, notably over $3.3 billion during the 2024 US election. The company is reportedly considering a new funding round at a valuation near $20 billion while facing increased regulatory scrutiny.
(Source：Crypto Briefing)