Polymarket Addresses High Fee Controversy, Confirms Calculation Error, and Implements Fix

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Polymarket fixed a fee calculation error that resulted in abnormally high fees, particularly in low-price ranges. The issue arose from using dollar-denominated taker volume instead of share quantity, compounded by an additional index affecting the Fear & Greed Index in weather and economic markets. The team has updated the fee schedule, removed the extraneous index, and restored normal pricing. Users can now place limit orders with zero fees and receive a 20%–25% maker rebate. Price prediction accuracy has improved with these updates.

Odaily Planet Daily report: The Polymarket prediction market platform team announced on Discord that, in response to community concerns regarding excessively high fees for certain categories, an error was made during a previous adjustment aimed at optimizing the fee curve—dollars-denominated taker volume was incorrectly used. This has now been corrected to use “number of shares,” which is the industry-standard approach and effectively resolves fee imbalances. The team stated that, due to this calculation error combined with an additional introduced index, fee curves in weather and economics markets became severely distorted, resulting in abnormally high fees, particularly in low price ranges (e.g., 0.1 cents), which was the primary cause of recent social media controversy over “super high fees.” The platform has since revised its fee schedule and removed the related index; all market fee structures have now returned to normal.

In addition, the team recommends that users who are sensitive to fees can achieve fee-free trading by placing limit orders. With the latest update, users can also earn a maker rebate incentive of 20% to 25%.

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