Polymarket Increases Fees to Drive Revenue Growth Despite Regulatory Pressure

According to a report by Jinse Finance, on April 2, prediction market platform Polymarket's recent move to raise fees has started to show results. Following the adjustment of fee standards on March 30, the platform's daily fees and revenue have surged significantly. Data from DeFiLlama shows that the platform's daily fees rose from approximately $363,000 on Monday to surpass $1 million on both Wednesday and Thursday. Net revenue, after deducting incentive expenses, peaked at $995,000 on Wednesday before dropping to around $899,000 on Thursday. This revenue surge stems from the platform's new fee model implemented on Monday: Polymarket expanded transaction fees from cryptocurrency and sports categories to include finance, politics, economics, culture, weather, and technology, with only geopolitical and major global event-related trades exempt from fees. The sharp increase in revenue indicates that Polymarket is actively monetizing transactions to maintain investor interest amid regulatory scrutiny in the U.S., Europe, and other regions worldwide. Last week, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, invested $600 million in Polymarket.