I just pray that outcome get more market makers and i moved there straight, polymarket is so ass rn, if you are going to reduce the spreads, reduce the fucking fees on sports too
I just pray that outcome get more market makers and i moved there straight, polymarket is so ass rn, if you are going to reduce the spreads, reduce the fucking fees on sports too
Bruh the fees make the odds worse than in online casinos
Bruh the fees make the odds worse than in online casinos
lmfao ya up to 5% fee on Sports
lmfao ya up to 5% fee on Sports
they gutted the maker rebate too on sports?
they gutted the maker rebate too on sports?
Please make crypto fees higher <:Bidensmile:1040247925420339251>
Please make crypto fees higher <:Bidensmile:1040247925420339251>
5% are they serious
5% are they serious
More rake is better
More rake is better
YAYYY MORE JEWISH FEES
YAYYY MORE JEWISH FEES
Polymorefees
Polymorefees
pretty sure it's gonna be miscalced
pretty sure it's gonna be miscalced
And in 2027 Q1 up to 15
And in 2027 Q1 up to 15
JUST GIVE EVERY SPORTS MARKET .10¢ TICKS TO TIGHTEN SPREADS, IT'S NOT HARD
JUST GIVE EVERY SPORTS MARKET .10¢ TICKS TO TIGHTEN SPREADS, IT'S NOT HARD
Truly 0% on the makers and 5% on the takers, this is something very significant. As usual in this kind of market, the very rich have their say, and the lowly workers like us are exploited like common peasants in the Middle Ages.
Truly 0% on the makers and 5% on the takers, this is something very significant. As usual in this kind of market, the very rich have their say, and the lowly workers like us are exploited like common peasants in the Middle Ages.
So with 5% fee Polymarket become worse then random sportsbook crypto casino
So with 5% fee Polymarket become worse then random sportsbook crypto casino
it's only good for market makers now
it's only good for market makers now
With no referral rewards all takers will die soon, only taker rebates will not cover the loss
With no referral rewards all takers will die soon, only taker rebates will not cover the loss
the new sports fee is so dumb. Volume is gonna drop and they’ll make way less than before
the new sports fee is so dumb. Volume is gonna drop and they’ll make way less than before
So why would i bet now on Poly exactly?
So why would i bet now on Poly exactly?
I don't know if the guys running Polymarket have *any* knowledge of the market, or if they have a stake with the market makers.
I don't know if the guys running Polymarket have *any* knowledge of the market, or if they have a stake with the market makers.
I can't wait for NoVigs pm to release
I can't wait for NoVigs pm to release
Remember when polymarket had zero fees and the best odds in the world
Remember when polymarket had zero fees and the best odds in the world
u dont understabnd gamble
u dont understabnd gamble
So I'm just thinking - with this fee bieng raised for sports thing, if it makes sense to include esports in that?
So I'm just thinking - with this fee bieng raised for sports thing, if it makes sense to include esports in that?
like - this is an only just getting going business
like - this is an only just getting going business
would be nice to keep fees down for a little bit while things have momentum?
would be nice to keep fees down for a little bit while things have momentum?
If you don’t pay it out soon, I’m going to kill myself. All my money has gone to fees.
If you don’t pay it out soon, I’m going to kill myself. All my money has gone to fees.
Will Polymarket stop jewing their customers and reduce fees
Will Polymarket stop jewing their customers and reduce fees
they also lowered the maker rebate percentage on sports 😄
they also lowered the maker rebate percentage on sports 😄
"fees increased"
"fees increased"
this kills most taker strategies so sports markets now are purely retail flow i guess, back to casino vig odds
this kills most taker strategies so sports markets now are purely retail flow i guess, back to casino vig odds
Really guys?? Not even going to mention that youre lowering maker rebates in your announcement. Just let us read that in the T&Cs?
Really guys?? Not even going to mention that youre lowering maker rebates in your announcement. Just let us read that in the T&Cs?
guys you should really stop updating fees without first notifying ppl in here. thats my suggestion
guys you should really stop updating fees without first notifying ppl in here. thats my suggestion
i havent seen if the 0.05 sports taker fee change is live yet or just only in docs.. but finding out about it from a random ass X account is.. <:wtf:1000341643926458418> not expected from a however many tens of billions of dollars company <:pepecry:1480174599093096560>
i havent seen if the 0.05 sports taker fee change is live yet or just only in docs.. but finding out about it from a random ass X account is.. <:wtf:1000341643926458418> not expected from a however many tens of billions of dollars company <:pepecry:1480174599093096560>
I agree 100%, they should also increase the maker rebates AND the category weight of sports to align with the other markets too
I agree 100%, they should also increase the maker rebates AND the category weight of sports to align with the other markets too
The tick change reduces makers profitability, and then the fee change reduces taker profitability. You guys reduced the maker percentage but didn't mention that, so everyone is clear, makers receive the same rebate while takers pay more. IDK, just seems like if you are in a volume war, this is a bad move.
One problem that i think exists is that price discovery can't happen because it is literally so expensive to take, the reduction in tick size was a nice help for that, but then the added taker fees kind of negates that.
The tick change reduces makers profitability, and then the fee change reduces taker profitability. You guys reduced the maker percentage but didn't mention that, so everyone is clear, makers receive the same rebate while takers pay more. IDK, just seems like if you are in a volume war, this is a bad move.
One problem that i think exists is that price discovery can't happen because it is literally so expensive to take, the reduction in tick size was a nice help for that, but then the added taker fees kind of negates that.
So not only did they increase the fee by 67%, they also reduced the maker reward by 67% on top
So not only did they increase the fee by 67%, they also reduced the maker reward by 67% on top
We went to quarter ticks, but at ~0.50 you added half a cent in taker fees, the net of that is less price discovery.
Also with the added fees, you don't get any additional routing from smart routers to your exchange, even if you are 1 or 2 ticks better than others.
We went to quarter ticks, but at ~0.50 you added half a cent in taker fees, the net of that is less price discovery.
Also with the added fees, you don't get any additional routing from smart routers to your exchange, even if you are 1 or 2 ticks better than others.
So on 100 shares at 0.50$
Before it was:
0,75 fees - 25% maker = 0,5625$ net fees (before maker program)
Now it's 1,25 fees - 15% maker = 1,0625$ so exactly 0.50$ more than before
So on 100 shares at 0.50$
Before it was:
0,75 fees - 25% maker = 0,5625$ net fees (before maker program)
Now it's 1,25 fees - 15% maker = 1,0625$ so exactly 0.50$ more than before
We have to be maker in the future, no more takers
We have to be maker in the future, no more takers
agreed. Liquidity rewards are just wasting poly money rn - useless
agreed. Liquidity rewards are just wasting poly money rn - useless
its so dumb
its so dumb
quarter tick sizes, up fees, lower rebates, basically all at once
quarter tick sizes, up fees, lower rebates, basically all at once
I mean making volumes would be done by being legal in more than 3 countries on the whole planet
I mean making volumes would be done by being legal in more than 3 countries on the whole planet
Giving 3 hours notice for fee changes is insane. A company should not be making announcements like this .Give people a few days minimum to digest changes and modify their bots etc
Giving 3 hours notice for fee changes is insane. A company should not be making announcements like this .Give people a few days minimum to digest changes and modify their bots etc
They're getting to Kalshi level fees while nobody can use the platform, API or website
They're getting to Kalshi level fees while nobody can use the platform, API or website
shame on you guys
shame on you guys
yep true but they are mega jews so nothing will get reverted
yep true but they are mega jews so nothing will get reverted
it costs more to take than you will make with your taker edge
it costs more to take than you will make with your taker edge
Also lowering maker rebates without announcing it is fucked
Also lowering maker rebates without announcing it is fucked
Like you make an announcement
Like you make an announcement
They do everything the wrong way, happy to be porting everything towards the green platform
They do everything the wrong way, happy to be porting everything towards the green platform
Like Kalshi has same fees now almost with 5ms P99 and more retail flow
Like Kalshi has same fees now almost with 5ms P99 and more retail flow
Why stay here lmao
Why stay here lmao
imagine the average trader
imagine the average trader
They know most ppl can’t go kalshi
They know most ppl can’t go kalshi
taker fees nearing casino vig maker fees nerfed
taker fees nearing casino vig maker fees nerfed
i think fees still arent high enough - they should be at least doubled again
i think fees still arent high enough - they should be at least doubled again
Why do they reduce the maker rewards now
Why do they reduce the maker rewards now
if everybody is making who is gonna take?
if everybody is making who is gonna take?
have polymarket considered this
have polymarket considered this
They just want to milk the cows while they can, I dont think there's a long term vision other than on PM US tbh
They just want to milk the cows while they can, I dont think there's a long term vision other than on PM US tbh
how do you think they get paid 😭
how do you think they get paid 😭
poly want to make alot of money with wc finals coming up, so obvious
poly want to make alot of money with wc finals coming up, so obvious
Tell users that 0.25 tick brings down what it actually costs, and then raise the sports fee to 0.05. <:Bidensmile:1040247925420339251>
Tell users that 0.25 tick brings down what it actually costs, and then raise the sports fee to 0.05. <:Bidensmile:1040247925420339251>
At this rate the vig is similar to a sportsbook.
At this rate the vig is similar to a sportsbook.
No wonder the green platform is winning. They don’t blind side users with 67% increase in fees on their biggest category, set to start in less than 3 hours after the announcement.
No wonder the green platform is winning. They don’t blind side users with 67% increase in fees on their biggest category, set to start in less than 3 hours after the announcement.
This is a huge fumble by Polymarket. The only reason Polymarket was better than "the green platform" was lower fees. Now they're similar. Polymarket will revert to lower fees when they see their market share decline over the next two months. The unfortunate part is that users who leave may not come back
This is a huge fumble by Polymarket. The only reason Polymarket was better than "the green platform" was lower fees. Now they're similar. Polymarket will revert to lower fees when they see their market share decline over the next two months. The unfortunate part is that users who leave may not come back
Polymarket Volume by Month:
March - 10.5 billion
April - 9 billion
May - 7 billion
Then they got saved by the World Cup a bit in June.
They will continue to hemorrhage volume and market share with these crazy fees.
Kalshi users are mostly rec and are way less sensitive to fees. There is no way PM doesn’t continue this downward march with these continued fee increases.
Polymarket Volume by Month:
March - 10.5 billion
April - 9 billion
May - 7 billion
Then they got saved by the World Cup a bit in June.
They will continue to hemorrhage volume and market share with these crazy fees.
Kalshi users are mostly rec and are way less sensitive to fees. There is no way PM doesn’t continue this downward march with these continued fee increases.
People working for Kalshi have infiltrated Polymarket to sabotage them.
People working for Kalshi have infiltrated Polymarket to sabotage them.
Yeah I just checked it damn
Yeah I just checked it damn
Getting to be pure greed now. Claude tokens must be costing them too much
Getting to be pure greed now. Claude tokens must be costing them too much
whos making these decisions with absolutely 0 consulting of paltform users
whos making these decisions with absolutely 0 consulting of paltform users
No one asked for any of these changes
No one asked for any of these changes
Idk why they dont actually speak to users of the platform before making these decisions. Imagine increasing fees, decreasing maker rebate, and adding 0.25c ticks at the same time 😂
Idk why they dont actually speak to users of the platform before making these decisions. Imagine increasing fees, decreasing maker rebate, and adding 0.25c ticks at the same time 😂
3 hour notice on maintenance, corporate standard is at least 24 hrs
3 hour notice on maintenance, corporate standard is at least 24 hrs
"Starting Friday at 12:01 AM ET, the sports fee coefficient moves to 0.05, aligning sports with our other categories. More on fees:"
does that mean theres more fees or less fees than before
"Starting Friday at 12:01 AM ET, the sports fee coefficient moves to 0.05, aligning sports with our other categories. More on fees:"
does that mean theres more fees or less fees than before
More fees + maker rebate decreasing from 25% to 15%. Enjoy!
More fees + maker rebate decreasing from 25% to 15%. Enjoy!
fee increased on sports markets and rebate decreased?
fee increased on sports markets and rebate decreased?
??????????????
??????????????
More fees is always good they can hire more devs to fix their site
More fees is always good they can hire more devs to fix their site
Yes, the fees coefficient changed to 0.05 for the sports market, effective July 10 (ET)
Yes, the fees coefficient changed to 0.05 for the sports market, effective July 10 (ET)
It's funny how this is a unanimous opinion among regular users and they decide to do it anyway
It's funny how this is a unanimous opinion among regular users and they decide to do it anyway
i mean for sports maybe its not that bad but for other markets?
i mean for sports maybe its not that bad but for other markets?
The extra fees are a bit crazy though 😵💫
The extra fees are a bit crazy though 😵💫
how long until they start charging maker fees lmao
how long until they start charging maker fees lmao
do institutions get better fees?
do institutions get better fees?
Will fees be raised again before September
Will fees be raised again before September
"to increase liquidity" lmao that statement has got to be the most out of touch if they're not reading the state of the ob with their own damn eyes
"to increase liquidity" lmao that statement has got to be the most out of touch if they're not reading the state of the ob with their own damn eyes
Hahaha its like none of them have ever actually interacted with the site at all
Hahaha its like none of them have ever actually interacted with the site at all
Taker fees are up to 10% now.. thats so much worse than asian bookies
Taker fees are up to 10% now.. thats so much worse than asian bookies
they only know how to raise fees, nothing else
they only know how to raise fees, nothing else
why build a successful product when you can just raise fees?
why build a successful product when you can just raise fees?
circus
circus
I think realistically it’s because they’re raising fees, so this way market makers rebates don’t go up per share (rebates are a proportion of fees). My frustration is that it’s not being clearly communicated
I think realistically it’s because they’re raising fees, so this way market makers rebates don’t go up per share (rebates are a proportion of fees). My frustration is that it’s not being clearly communicated
Yeah hedging by crossing the spread is now more costly
Yeah hedging by crossing the spread is now more costly
I thought other prediction markets would catch up with polymarket through lowering fees and not the other way, I didn't see this fees increase coming.
I thought other prediction markets would catch up with polymarket through lowering fees and not the other way, I didn't see this fees increase coming.
They're factoring in town prove increases which aren't realistic
They're factoring in town prove increases which aren't realistic
The fee increase is a response to shrinking tick sizes. The argument is that takers now get tighter pricing so they’ll make back their fees by being able to buy for cheaper
The fee increase is a response to shrinking tick sizes. The argument is that takers now get tighter pricing so they’ll make back their fees by being able to buy for cheaper
Did they really imply that
Did they really imply that
Makers are arguably the biggest losers here, because the decreased tick sizes gives them less edge and they’re compensated nowhere else
Makers are arguably the biggest losers here, because the decreased tick sizes gives them less edge and they’re compensated nowhere else
It wasn’t stated explicitly but it was launched in the same announcement. I think it’s fairly clear this is the logic behind the decision
It wasn’t stated explicitly but it was launched in the same announcement. I think it’s fairly clear this is the logic behind the decision
less is an understatement
less is an understatement
crazy stuff
crazy stuff
maker strats are basically hanging even more loosely on a thread if not dead
maker strats are basically hanging even more loosely on a thread if not dead
just remove it entirely for godsake
just remove it entirely for godsake
update my ass should be called a downdate
update my ass should be called a downdate
greedy mfs
greedy mfs
Who is the retard that decided to raise the already predatory fees on sports? And also cut the maker rebate? Without any announcement also. No comment
Who is the retard that decided to raise the already predatory fees on sports? And also cut the maker rebate? Without any announcement also. No comment
Hope that you will spend those money on customers support as is 3 days that I’m waiting a reply on an issue I had
Hope that you will spend those money on customers support as is 3 days that I’m waiting a reply on an issue I had
Is also rude on customers, and shows that who decided doesn’t understand numbers. At the moment will be better to use any other sport betting over polymarket
Is also rude on customers, and shows that who decided doesn’t understand numbers. At the moment will be better to use any other sport betting over polymarket
Just double check the fees before you do. They decided to make it unprofitable for everyone
Just double check the fees before you do. They decided to make it unprofitable for everyone
Will the next fee raise be silent or broadly announced?
Will the next fee raise be silent or broadly announced?
you guys raising fee again on a platform that is not even able to be fast, secure and a day without a bug on the UX
you guys raising fee again on a platform that is not even able to be fast, secure and a day without a bug on the UX
they're trying to kill their own platform idek
they're trying to kill their own platform idek
Polymarket decision maker, use your mind for a second, at the level you put sports fees now there is absolute 0 sense in using polymarket. As every bookmaker on planet earth is able to offer better prices. Has been a poor move, revert it and market it as a funny joke
Polymarket decision maker, use your mind for a second, at the level you put sports fees now there is absolute 0 sense in using polymarket. As every bookmaker on planet earth is able to offer better prices. Has been a poor move, revert it and market it as a funny joke
Prediction market volume is at a 10 month low
Prediction market volume is at a 10 month low
It is SICKENING
It is SICKENING
The funny thing is that this is not the first time
The funny thing is that this is not the first time
as fees go up volume will go down which will result in less fees than before. gg
as fees go up volume will go down which will result in less fees than before. gg
can't even place pregame bets anymore because barely any fill due to 300k $ on both sides. nice to have liquidity but you cant use it because of crazy fees
can't even place pregame bets anymore because barely any fill due to 300k $ on both sides. nice to have liquidity but you cant use it because of crazy fees
# more fees
# more fees
You are sadly mistaken if you think polymarket is untouchable
You are sadly mistaken if you think polymarket is untouchable
No fees or minimums on my capital one checking account
No fees or minimums on my capital one checking account
NO
NO
Just watch the august volume
Just watch the august volume
They will fix bugs and hire devs
They will fix bugs and hire devs
I’m a taker
I’m a taker
the more fees you pay the bigger the airdrop <:Bidenwtf:1040247645542830131>
the more fees you pay the bigger the airdrop <:Bidenwtf:1040247645542830131>
whoever thought turning the awesome cheap prediction market into some rakeback casino needs to be fired asap. thats some lannister work .
whoever thought turning the awesome cheap prediction market into some rakeback casino needs to be fired asap. thats some lannister work .
can someone lead me to the discussion happening on the updated polymarket fee
can someone lead me to the discussion happening on the updated polymarket fee
Its a evil anchor they placed with this current crazy fee structure... If we see poly as a tradingplattform. Something they marketing themselves as, than it shouldnt be higher than max 0.3 - 1%
Its a evil anchor they placed with this current crazy fee structure... If we see poly as a tradingplattform. Something they marketing themselves as, than it shouldnt be higher than max 0.3 - 1%
i support the fees right now though 😄
i support the fees right now though 😄
im running a maker strat
im running a maker strat
They have no idea how an exchange works. Can’t convince me otherwise
They have no idea how an exchange works. Can’t convince me otherwise
Tighter spreads so they can ask more fees?
Tighter spreads so they can ask more fees?
Short term gain for the long term pain.
Short term gain for the long term pain.
At this point I am even wondering whether poly will benefit from the midterms volume
At this point I am even wondering whether poly will benefit from the midterms volume
bruv 20 B company
bruv 20 B company
they have the cash
they have the cash
yup legit i hopped on poly just before the taker fees got added and it was the only reason to develop strategies, since most of them have just 2% edge or so
yup legit i hopped on poly just before the taker fees got added and it was the only reason to develop strategies, since most of them have just 2% edge or so
now no incentive to use poly since u pay ur edge to poly like a casino vig
now no incentive to use poly since u pay ur edge to poly like a casino vig
at 0.03 it was tolerable im sure at 0.05 its just too much
at 0.03 it was tolerable im sure at 0.05 its just too much
gonna turn into a graveyard with 20 quant companies battling over 5 gambling degens
gonna turn into a graveyard with 20 quant companies battling over 5 gambling degens
Pay fees if you are using adblocker
Pay fees if you are using adblocker
almost as though whoever's behind these changes take inspiration from reading our feedback and then inversely applying them in principle
almost as though whoever's behind these changes take inspiration from reading our feedback and then inversely applying them in principle
fucking lol
fucking lol
Company with infinite cash
Company with infinite cash
yh best taker strat is to go breakeven lol
yh best taker strat is to go breakeven lol
i legit dont think its possible to create taker strats
i legit dont think its possible to create taker strats
yeah. Beeing a 140iq quant with 10+ years of wallstreet education and 5x Claude max subscriptions in parallel making you go breakeven as a taker on poly now.
What are we even waiting for?
yeah. Beeing a 140iq quant with 10+ years of wallstreet education and 5x Claude max subscriptions in parallel making you go breakeven as a taker on poly now.
What are we even waiting for?
These takers look like they’re just giving money to Polymarket.
These takers look like they’re just giving money to Polymarket.
These takers look like they’re just giving money to ~~Polymarket~~ rich.
These takers look like they’re just giving money to ~~Polymarket~~ rich.
My taker's PnL is at least 2:1 relative to fees.
My taker's PnL is at least 2:1 relative to fees.
It'd good for market maker not for taker
It'd good for market maker not for taker
add bigger fees > kill takers > no takers > less money/volume for makers > no incentive for anyone to trade
add bigger fees > kill takers > no takers > less money/volume for makers > no incentive for anyone to trade
whole ecosystem collapses for greed
whole ecosystem collapses for greed
nah they fr raping both sides here
nah they fr raping both sides here
no, is worse also for maker! from 25% rebate to 15% rebate
no, is worse also for maker! from 25% rebate to 15% rebate
they really think we are that desperate to continue to use this platfrom also with increasing predatory fees
they really think we are that desperate to continue to use this platfrom also with increasing predatory fees
Yeah market maker will make this 300k liquidity in both sides, even if there is fees and no maker rebates, you just give to them more money, many of them are just like soft booking who hedges or professional who already work with fees
Yeah market maker will make this 300k liquidity in both sides, even if there is fees and no maker rebates, you just give to them more money, many of them are just like soft booking who hedges or professional who already work with fees
How it's bad for market makers dude
How it's bad for market makers dude
They will come even if no incentive
They will come even if no incentive
yes they will w larger spreads lol...
yes they will w larger spreads lol...
Are u good enough in mathematics
Are u good enough in mathematics
To understand
To understand
I don't think so
I don't think so
Encouraging market makers to come to exotic markets where there is very little liquidity is normal, but doing so in markets where people will flock doesn't make much sense.
Encouraging market makers to come to exotic markets where there is very little liquidity is normal, but doing so in markets where people will flock doesn't make much sense.
0.03 x 0.25 = 0.0075
0.05 x 0.15 = 0.0075
0.03 x 0.25 = 0.0075
0.05 x 0.15 = 0.0075
you ask how its bad and then you answer your own question in next message lmao
you ask how its bad and then you answer your own question in next message lmao
For me, the only explanation is that someone or a few people decide this, have personal interests involving deals with the very big whales, and receive a portion of the profits under the table.
For me, the only explanation is that someone or a few people decide this, have personal interests involving deals with the very big whales, and receive a portion of the profits under the table.
They will destory the platform
They will destory the platform
No u don't understand
No u don't understand
the solution is not binary
the solution is not binary
I think you are really stupid. Is worse for everyone and is not difficult to understand. Put your face in ice water for 5 min and come back
I think you are really stupid. Is worse for everyone and is not difficult to understand. Put your face in ice water for 5 min and come back
drop your usernames
drop your usernames
so we can understand who u are
so we can understand who u are
and which interest u are defending
and which interest u are defending
i had some profitable strategies in sports
i had some profitable strategies in sports
but with these taker fees both my crypto taker + sports taker dead
but with these taker fees both my crypto taker + sports taker dead
The transaction fee went up to 0.05. That's way too high, I can't stand it
The transaction fee went up to 0.05. That's way too high, I can't stand it
yes its very bad, can't market buy anymore most of the time so no orders get filled
yes its very bad, can't market buy anymore most of the time so no orders get filled
lets switch to predict dot fun
lets switch to predict dot fun
cz will do airdrop + crime pump too
cz will do airdrop + crime pump too
the fees are very very bad. less fees more volume more profit for poly.. now watch how volume drops like a rock. sure, blame the world cup ending 🤡 !
the fees are very very bad. less fees more volume more profit for poly.. now watch how volume drops like a rock. sure, blame the world cup ending 🤡 !
With the latest fee raise, now every sportsbook has better odds/fees than you now, even the worst ones. Do better.
With the latest fee raise, now every sportsbook has better odds/fees than you now, even the worst ones. Do better.
haha sport fees 0.05 😂 gg polymarket. what a joke
haha sport fees 0.05 😂 gg polymarket. what a joke
Agreed, what a joke platform
Agreed, what a joke platform
Fee increase.. people are upset.. give us $poly and fee reduction with $poly
Fee increase.. people are upset.. give us $poly and fee reduction with $poly
0.03 x 0.25 = 0.0075
0.05 x 0.15 = 0.0075
many people sending this here
can someone explain this to me
0.03 x 0.25 = 0.0075
0.05 x 0.15 = 0.0075
many people sending this here
can someone explain this to me
big fees. now we are the house.
big fees. now we are the house.
bro.. u naive. taker rebate program is also a joke cause u need crazy amount to get to even 18%..
bro.. u naive. taker rebate program is also a joke cause u need crazy amount to get to even 18%..
at least cashouts stayed if site is up
at least cashouts stayed if site is up
Just let them find out the hard way when orders stop getting filled
Just let them find out the hard way when orders stop getting filled
fr
fr
This is not fair, because many recreational gambler, will never see the difference of rake , they will keep gamble on the same teams, without wondering anything
This is not fair, because many recreational gambler, will never see the difference of rake , they will keep gamble on the same teams, without wondering anything
Only a small announcement on discord, that's all
Only a small announcement on discord, that's all
Due to the fee increase, I will no longer use Polymarket.
Due to the fee increase, I will no longer use Polymarket.
What will u use?
What will u use?
why people are not talking much about increasing in fee?
why people are not talking much about increasing in fee?
Poly 📉 fall started
Poly 📉 fall started
Polymarket is so good at shorting themselves
Polymarket is so good at shorting themselves
Same, they think they can begin enshitification without having a decent product to begin with
Same, they think they can begin enshitification without having a decent product to begin with
Let it be 0.03 or 0.035. but 0.05 is too fucking much
Let it be 0.03 or 0.035. but 0.05 is too fucking much
only one not in vacation was the guy that decided to raise fees <:DeadPepe:1280173104466755676>
only one not in vacation was the guy that decided to raise fees <:DeadPepe:1280173104466755676>
absolute joke, we might be in front of opensea2.0
absolute joke, we might be in front of opensea2.0
sport volume will die. simply better prices available everywhere else
sport volume will die. simply better prices available everywhere else
Any decent alternative platforms for sports? These fee increases kill my strategy. Kalshi not available in my region 😢
Any decent alternative platforms for sports? These fee increases kill my strategy. Kalshi not available in my region 😢
If they not gonna change to tier rate to 0.03 or 0.035 yeah there is going to be a huge backlash. I hope for the first time they listen but probably they gonna keep it like this.
If they not gonna change to tier rate to 0.03 or 0.035 yeah there is going to be a huge backlash. I hope for the first time they listen but probably they gonna keep it like this.
best perps link https://polymarket.com/perps?c=01aq1nw3
best perps link https://polymarket.com/perps?c=01aq1nw3
maybe you should give people more than 3 hours of time before making significant changes to the sites fees 🙂
maybe you should give people more than 3 hours of time before making significant changes to the sites fees 🙂
Are they actually upping the taker fees on sports?
Are they actually upping the taker fees on sports?
tf 0.58$ fee on elon market to execute 25$ order crazyyyyy'
tf 0.58$ fee on elon market to execute 25$ order crazyyyyy'
the way it’s phrased as fees. Is horrendous
the way it’s phrased as fees. Is horrendous
They could solve the issue by raising the fees slightly more (coefficient goes a tick upwards) and rebating markets after they resolve if you predicted the right way
They could solve the issue by raising the fees slightly more (coefficient goes a tick upwards) and rebating markets after they resolve if you predicted the right way
Why you people complain, youll just reach 0 faster and then youll have more free time to enjoy life
Why you people complain, youll just reach 0 faster and then youll have more free time to enjoy life
Once hyperliquid introduces more sports markets and the liquidity get better, i am out of polymarket for life, and there was never going to be an airdrop, from the amount of money they raised and the type of investors they raised money from of course an ipo is always going to be #1 option, promising an airdrop was the only way for them to get crypto natives to use polymarket after losing all that volume to kalshi.
Man seriously, i pray polymarket volume falls off a cliff after 0.25c tick size and the stupid fee updates,
Once hyperliquid introduces more sports markets and the liquidity get better, i am out of polymarket for life, and there was never going to be an airdrop, from the amount of money they raised and the type of investors they raised money from of course an ipo is always going to be #1 option, promising an airdrop was the only way for them to get crypto natives to use polymarket after losing all that volume to kalshi.
Man seriously, i pray polymarket volume falls off a cliff after 0.25c tick size and the stupid fee updates,
So what is the best website for sport bettors who are takers?
So what is the best website for sport bettors who are takers?
Big W For Polymarket <a:2966pepeswing:1064500452529549372>
Big W For Polymarket <a:2966pepeswing:1064500452529549372>
https://x.com/exec_sum/status/2075285950763258159
https://x.com/exec_sum/status/2075285950763258159
was this the reason for the 0.25 ticks
was this the reason for the 0.25 ticks
Should i keep complaining or no🤣
Should i keep complaining or no🤣
Polymarket was already horrible and they still find ways to always make it worse...
Polymarket was already horrible and they still find ways to always make it worse...
when the prediction markets realize that their advantage over sportsbooks isnt offering lower fees and better priced odds, but just offering more markets on more things, so they increase fees to match sportsbook prices
<:Bidensmile:1040247925420339251>
when the prediction markets realize that their advantage over sportsbooks isnt offering lower fees and better priced odds, but just offering more markets on more things, so they increase fees to match sportsbook prices
<:Bidensmile:1040247925420339251>
It was tolerable for the site to suck while it was free but now that we pay 3% fees per transaction, we should at least have a site that actually works
It was tolerable for the site to suck while it was free but now that we pay 3% fees per transaction, we should at least have a site that actually works
Making customers pay 3% for a site that doesn't work is ridiculous
Making customers pay 3% for a site that doesn't work is ridiculous
For world cups game i think .25 tick size is ok
For world cups game i think .25 tick size is ok
until it sets a precedent and expands to other markets
until it sets a precedent and expands to other markets
For low liquidity game it is not
For low liquidity game it is not
So with new fees combos are actually -infinite EV ?
So with new fees combos are actually -infinite EV ?
There are two simple ways to make the company more profitable:
- Improving the site so that the volume increases
- Reducing all the useless spending
Instead you chose the short-term solution of increasing the fees as much as possible... It's a bad solution, it won't work well in the long run. People will just bet elsewhere, there are hundreds of competitors. Poly has now some of the worst odds and on top of that the site doesn't work. Why would anyone use poly? Your share of the total prediction market volume is decreasing every month. Your company will die soon
There are two simple ways to make the company more profitable:
- Improving the site so that the volume increases
- Reducing all the useless spending
Instead you chose the short-term solution of increasing the fees as much as possible... It's a bad solution, it won't work well in the long run. People will just bet elsewhere, there are hundreds of competitors. Poly has now some of the worst odds and on top of that the site doesn't work. Why would anyone use poly? Your share of the total prediction market volume is decreasing every month. Your company will die soon
they only know hpw tp increase fees
they only know hpw tp increase fees
from once boasting of no fees while platform had less issues. to premium feees after making site so bad
from once boasting of no fees while platform had less issues. to premium feees after making site so bad
team needs money to buy bread. but poly team eats bread made of gold. hence need high fees
team needs money to buy bread. but poly team eats bread made of gold. hence need high fees
soon 100 percent fees
soon 100 percent fees
notice how they didn't announce $poly with the fee increase to reduce backlash? Probably just not happening at this point
notice how they didn't announce $poly with the fee increase to reduce backlash? Probably just not happening at this point
they probably don't know what to do about $poly for the moment
they probably don't know what to do about $poly for the moment
first thing will be to announce a farming season
first thing will be to announce a farming season
so TGE not before 2027
so TGE not before 2027
POLY airdrop is same as PUMP airdrop
POLY airdrop is same as PUMP airdrop
Same dev
Same dev
Like they expect makers to quote tighter with the same rebates, and takers to take more with fees more than offsetting the potential benefit of new ticks 🤡
Like they expect makers to quote tighter with the same rebates, and takers to take more with fees more than offsetting the potential benefit of new ticks 🤡
Instead of leveraging the WC hype forward, they just had to break it..
Instead of leveraging the WC hype forward, they just had to break it..