Polymarket has also become the exclusive prediction market partner of the Wall Street Journal and Dow Jones.
Polymarket, the world’s largest decentralized prediction market, has added trading fees to its short-duration crypto price markets.
The prediction market has always charged zero fees until recently, with a new trading fee schedule coming to its Polymarket US app in private beta, and now the introduction of a fee curve to its 15-minute crypto markets.
The Polymarket US app will charge takers 1 basis point (0.01%), marking Polymarket’s first-ever fee-driven revenue stream since its mainstream expansion.
However, the fee curve for 15-minute crypto markets will use a variable rate, charging a premium to sellers rather than buyers.
These fees will be used for Maker Rebates, meaning they do not accrue to Polymarket as revenue. Instead, the fees are returned to users who provide liquidity on these markets, intended to increase liquidity and create a more efficient trading environment for fast-moving crypto markets.
The USDC rebates in these markets are based on liquidity shares that are actually traded, ensuring that only active liquidity providers are rewarded.
Partnership with Dow Jones and WSJ
The prediction market also announced another institutional partnership today, making it the exclusive prediction market partner of the Wall Street Journal and Dow Jones.
“A monumental step for our institutional adoption. The Wall Street Journal. Dow Jones. Wouldn’t have believed this a year ago. Grateful to make this partnership a reality,” said Polymarket CEO Shayne Coplan on X.
The collaboration comes just three months after Polymarket received a $2 billion investment from the owner of the New York Stock Exchange, Intercontinental Exchange (ICE), marking Polymarket’s growing relevance outside DeFi in mainstream media and finance.
