Polymarket raises transaction fees to drive revenue growth despite regulatory pressures

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Golden Finance reports that on April 2, the effects of Polymarket’s recent move to raise its fees have begun to show. After the platform adjusted its fee schedule on March 30, the platform’s daily fees and revenue surged sharply.
According to data from DeFiLlama, the platform’s daily fees rose from about $363,000 on Monday to surpass $1 million on both Wednesday and Thursday. Net revenue after incentive expenses peaked at $995,000 on Wednesday, then fell back to about $899,000 on Thursday.
The sharp revenue increase was driven by the platform’s new pricing model rolled out on Monday: Polymarket expanded transaction fees from the cryptocurrency and sports categories to fields such as finance, politics, economics, culture, weather, and technology. Only geopolitical and major global events-related transactions are exempt from fees.
This sudden surge in revenue suggests that, amid heightened regulatory scrutiny in many places around the world such as the United States and Europe, Polymarket is actively monetizing trades to maintain investors’ ongoing attention. Last week, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, invested $600 million in Polymarket.

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