TLDR Polymarket collected over $11.2 million in trading fees in just 70 days after ditching its zero-fee model Weekly revenue climbed from $560,000 to $1.84 million over the past 10 weeks The platform uses a dynamic fee system that charges more on 50/50 bets and less on lopsided ones Fees have expanded from 15-minute crypto markets to all crypto events and some sports betting Binance estimates suggest Polymarket could generate up to $360 million in annual revenue
Prediction market platform Polymarket has pulled in more than $11.2 million in trading fees over the past 70 days. The milestone comes after the company ended its long-running zero-fee model earlier this year.
On January 6, Polymarket introduced trading fees for the first time. The company started by applying costs to its quick-action 15-minute cryptocurrency markets before expanding to other areas of the platform.
Rather than using a flat rate, Polymarket built a dynamic fee structure. The system adjusts costs based on how close the odds are in a given market.
When odds are near 0% or 100%, the fee drops. When a market is close to a 50/50 split, the fee rises. At the highest end, users pay up to 1.56% on the most contested bets.
Weekly fee income has grown steadily since launch. It started at around $560,000 and has climbed to $1.84 million as of the most recent reporting period.
That upward trend has caught the attention of analysts. A report from Binance suggested the platform could bring in as much as $360 million per year if current trends hold.
Early estimates from January 28 were far more conservative. Analysts at the time predicted annual revenue of around $38 million if fees stayed limited in scope.
Those same analysts said revenue could reach $418 million if fees