Polymarket Dominates Prediction Markets With 96.8% Fee Share

Revenue growth accelerates with $6.8M weekly fees as trading demand remains stable after fee expansion.

Polymarket is rapidly tightening its grip on the prediction market sector. On-chain data shows a sharp rise in fee generation following a recent pricing overhaul. Also, trading activity has remained strong despite broader monetization across categories. These trends point to growing user engagement even as scrutiny increases globally.

Polymarket Fee Expansion Pushes Weekly Revenue to $6.8M

Crypto-based prediction market Polymarket recorded $6.8 million in fees during its first full week under a new fee structure. At that pace, the platform is on track for an annual run rate of about $355 million. Daily fees are holding close to $1 million, reflecting sustained trading demand.

Moreover, market share data shows a clear imbalance. Polymarket accounted for 96.8% of total on-chain prediction market fees during the same period. Total weekly fees across the sector exceeded $7 million for the first time, with most of that coming from Polymarket.

Image Source: DeFiLlama

Recent growth follows a shift in its fee model. The platform now charges taker fees across categories such as finance, politics, economics, culture, weather, and technology. Crypto and sports markets were already monetized, while geopolitical and world events remain fee-free for now.

Trading volumes have not shown a meaningful decline since the change. High taker activity suggests users are absorbing the additional costs without reducing participation. That dynamic signals strong product-market fit, at least in the short term.

New Collateral Model and Engine Upgrade Aim to Strengthen Trading Efficiency

According to the outlined plans for a platform-wide upgrade, a new collateral token, Polymarket USD, will replace bridged USDC.e. The token will be backed 1:1 by USDC, issued by Circle. Current infrastructure relies on assets bridged from Ethereum.

The upgrade also includes a rebuilt trading engine and revised smart contracts. Polymarket described the rollout as a full exchange upgrade aimed at improving execution and system design.

Institutional interest is rising alongside revenue growth. Intercontinental Exchange, parent of the New York Stock Exchange, recently committed $600 million to the prediction platform.

At the same time, regulatory pressure is building across the US and Europe. Polymarket’s ability to sustain volume while increasing fees will likely remain a key focus for both investors and regulators.

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