Polymarket Enables Fees and Reaches Top Tier of Crypto Revenue Rankings

The post says Polymarket is generating about $2 million a day after turning on fees, while still charging less than Kalshi (U.S. prediction market platform).

Summary

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Terms & Concepts
  • Prediction market: A platform where users trade on the likely outcome of future events, with prices reflecting collective market expectations.
  • Crypto project: A blockchain-based product or protocol operating in the digital asset industry, often generating revenue from trading, usage, or network activity.
  • Fees: Charges collected by a platform for transactions or usage, often used as a measure of business activity and protocol revenue.