Polymarket’s Fee Overhaul Pushes Daily Revenue Past $1 Million

Polymarket experienced a significant surge in daily revenue, crossing $1 million on April 1st, just two days after implementing new variable taker fees across a wider range of markets including politics, finance, and culture. Previously, fees were only charged on crypto and sports contracts. The new fee structure uses a dynamic, probability-based model, peaking at 50% probability. Makers receive USDC rebates of 20-25% of collected fees, while geopolitics and world events remain fee-free. Analyst DefiOasis noted an annualized run rate of roughly $338 million, with DefiLlama reporting $1.07 million in daily fees. This shift in revenue comes as competition in the prediction market sector heats up, with Binance Wallet beta-testing a prediction feature and Predict Fun seeing increased inflows, indicating a broader industry transition from growth to sustainable revenue.

(Source：BeInCrypto)