Polymarket Introduces Taker Fees in 15-Minute Markets - Unchained

Prediction markets platform Polymarket has quietly rolled out taker fees specifically for its 15-minute up-or-down crypto price prediction markets.

This story is an excerpt from the Unchained Daily newsletter.

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Updated documentation on the firm’s website notes that all fees will go straight back to market makers as rebates in USDC, with fees going as high as 3% of the trade’s value.

Some industry watchers believe that the updated structure will lead to tighter spreads and potentially eliminate bots that aggressively take liquidity through high-frequency trades.

Arbitrage bots, which turned small stakes into large gains through market lags, now face diminished edges as fees redistribute value to liquidity providers.

But some users have hypothesized that bots that are “built right” could become even more dominant with the new updates.