Polymarket Responds to High Fee Controversy: Admits Calculation Error and Fixes It, Abnormal Fees Removed

Odaily News: The team of prediction market platform Polymarket announced on Discord that, in response to previous community concerns about excessively high fees for certain categories, an adjustment originally intended to optimize the fee curve mistakenly used US dollar-denominated taker volume. This has now been changed to calculate based on "share quantity," which is the industry standard and can effectively eliminate fee imbalance issues. The team stated that in weather and economic markets, due to the aforementioned calculation error compounded by an additionally introduced index, the fee curve became severely distorted, leading to abnormally high fees, especially in low-price ranges (e.g., $0.001), which was the main reason for the recent "super high fee" controversy on social media. The platform has now revised the fee schedule and removed the related index, and the fee structure for all markets has returned to normal.

Furthermore, the team suggested that users who are sensitive to fees can achieve fee-free trading by placing limit orders. Additionally, with the latest update, users can also receive a 20% to 25% maker rebate incentive.