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

Odaily Planet Daily News: The Polymarket team, a prediction market platform, posted an announcement on Discord saying that, in response to community concerns earlier about certain category fees being too high, a change originally intended to optimize the fee curve mistakenly used the dollar-denominated taker trading volume. It has now been changed to be calculated based on the “number of shares,” which is the industry-standard approach and can effectively eliminate fee imbalances. The team stated that in weather and economics markets, the erroneous calculation method compounded with the additional index introduced due to the above calculation error caused the fee curve to become severely distorted. In particular, in low-price ranges (such as 0.1 cent), it resulted in abnormally high fees, which is also the main reason behind the recent controversy on social media over “super high fees.” The platform has since revised the fee schedule and removed the related index. The fee structure across all markets has returned to normal.

In addition, the team advised users that if they are sensitive to fees, they can achieve fee-free trades by placing limit orders. Meanwhile, with the latest update going live, users can also receive a maker rebate incentive of 20% to 25%.