Polymarket, a decentralized prediction market platform, has carried out buying and selling charges on its short-duration cryptocurrency worth markets, in line with firm bulletins.
Abstract
- The decentralized prediction market has launched charges on short-duration crypto worth markets and on its Polymarket US app, marking a shift away from its long-standing zero-fee mannequin.
- Beneath the brand new schedule, takers on the Polymarket US app can pay 1 foundation level (0.01%), with charges additionally utilized to 15-minute cryptocurrency markets.
- The transfer establishes Polymarket’s first direct income because it expands into extra mainstream buying and selling markets by way of its US app, which is at present in non-public beta.
The platform, which describes itself because the world’s largest decentralized prediction market, had operated with out charging charges till the latest modifications. The corporate has launched a brand new buying and selling price schedule to its Polymarket US app, at present in non-public beta, and carried out a price construction for its 15-minute crypto markets.
The Polymarket US app will cost takers 1 foundation level, equal to 0.01%, in line with the corporate. The price represents Polymarket’s first income stream since its growth into mainstream markets.
The platform beforehand operated on a zero-fee mannequin throughout all its prediction market choices.
