Overview
- The new fees apply only to short-duration crypto contracts, while political, longer-term, and non-crypto markets remain fee-free.
- Collected taker fees are redistributed each day in USDC to liquidity providers rather than retained as platform revenue.
- The variable schedule is highest near 50% odds and falls toward zero at the extremes to shape order flow in fast markets.
- Documentation shows a 100-share taker order at $0.50 incurs about $1.56, a little over 3% of the trade’s value at the fee peak.
- The update surfaced via revised documentation without a formal announcement, framing the rollout as a narrowly scoped market-structure experiment.