The U.S. arm of prediction market platform Polymarket plans to introduce trading with a minimal taker fee, aiming to attract users with competitive pricing.
Summary
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Terms & Concepts
Taker Fee: A fee charged to traders who remove liquidity from an order book by matching existing orders.
Prediction Market: A platform where participants trade contracts whose prices reflect the probability of specific events occurring.
Polymarket: A blockchain-based prediction market platform allowing users to bet on real-world events.