TLDR Polymarket collected over $11.2 million in trading fees in just 70 days after ending its zero-fee model on January 6 Weekly revenue has grown from $560,000 to $1.84 million over the last 10 weeks The platform uses a dynamic fee structure that charges more on 50/50 bets and less on lopsided odds Binance estimates Polymarket could generate up to $360 million in annual revenue at its current pace Polymarket has expanded fees to all crypto markets and is now testing fees on sports betting events
Polymarket has crossed a major financial milestone. The prediction market platform has collected more than $11.2 million in trading fees over the past 70 days.
This comes after the company ended its long-running zero-fee model on January 6. The move was the first time the platform charged users to place trades.
Polymarket started by introducing fees on its quick-action 15-minute cryptocurrency markets. This allowed the team to test the approach before rolling it out more broadly.
The platform does not charge a flat fee. Instead, it uses a dynamic pricing system that adjusts based on the odds of a given market.
When odds are close to 0% or 100%, the fee is lower. When a market is closer to a 50/50 split, the fee goes up. The maximum fee reaches 1.56% on the most contested bets.
Weekly Revenue Has Climbed Steadily Since January
Weekly fee income has grown from $560,000 to $1.84 million over the past 10 weeks. That steady climb has caught the attention of analysts across the crypto space.
A Binance research report suggested the platform could bring in as much as $360 million in annual revenue if the current trajectory holds.
Back on January 28, early estimates were more cautious. Analysts predicted annual earnings of around $38 million