Blockchain-based prediction market platform Polymarket has rolled out a referral program that lets users monetize their network by earning a cut of trading fees.
Direct referrals generate 30% in rewards, while indirect referrals bring in 10%, with unlimited upside. All earnings are calculated in real time and deposited directly into the user’s account balance.
According to the team, users can launch multiple referral campaigns, each with a unique link, to track which sources drive the most engagement. Links can be shared across social media, websites, or private channels, and referrals are automatically tracked upon sign-up.
Users who try to game the referral program through deceptive practices, policy violations, or abusive behavior will be permanently suspended and lose eligibility for any future referral earnings, the team has warned.
Polymarket is also updating its fee structure, according to the project’s documentation.
Effective March 30, taker fees will expand from just two market categories (crypto and sports) to nine, covering politics, finance, economics, technology, culture, weather, and more.
Fees will follow a standardized formula based on trade size and price, with peak effective rates reaching up to 1.8%. As before, fees will be lowest near extreme probabilities and highest near the midpoint.
Polymarket built its dominance on a deliberately frictionless model, charging zero fees across nearly all categories, which drew millions of users and billions of dollars in wagers.
During the 2024 US presidential election, more than $3.3 billion in bets flowed through the platform.
The company is said to be considering a fresh raise at a valuation nearing $20 billion, as rival Kalshi also eyes a comparable figure. At the same time, both firms are dealing with increasing regulatory scrutiny at the state level.
Source: https://cryptobriefing.com/polymarket-referral-program-expanded-fees/
