Polymarket Adjusts Fee Structure to Address Community Concerns

Prediction market platform Polymarket has announced changes to its fee structure following community concerns over high rates. According to Odaily, the team revealed on Discord that a previous adjustment intended to optimize the fee curve mistakenly used USD-based taker volume, which has now been corrected to calculate based on 'share quantity,' a standard industry practice that effectively addresses fee imbalance issues. The team noted that in weather and economic markets, the incorrect calculation method combined with an additional index led to severe distortions in the fee curve, particularly in low-price ranges such as 0.1 cents, resulting in unusually high fees. This miscalculation was the main reason behind recent social media debates over 'super high fees.' The platform has since revised its fee schedule and removed the related index, restoring normal fee structures across all markets. Additionally, the team advises users sensitive to fees to utilize limit orders for fee-free transactions. With the latest update, users can also receive a maker rebate incentive ranging from 20% to 25%.