Polymarket fees top $1M after price overhaul amid crackdowns
Polymarket fee overhaul lifted daily fees above $1 million on April 1-2, DefiLlama data show, as Hungary, Portugal and an Argentine court curbed access and 11 U.S. states acted.
Polymarket’s March 30 fee overhaul pushed daily fees above $1 million on Wednesday and Thursday, according to DefiLlama. Fees rose from about $363,000 on Monday to more than $1 million midweek. Revenue (the share kept after incentives) reached about $995,000 on Wednesday and roughly $899,000 on Thursday.
Polymarket rolled out a broader fee model on Monday, following a March 30 price overhaul. The platform extended taker fees beyond crypto and sports to finance, politics, economics, culture, weather and technology. Geopolitical and world events remain fee-free.
In Europe, Hungary and Portugal moved in January to block or limit access to Polymarket over licensing concerns. Portuguese authorities also flagged political betting.
In Argentina, a court on March 17 ordered a nationwide ban on Polymarket, citing insufficient identity and age checks that could allow access by minors. Polymarket’s website lists the platform as blocked in 33 countries. If you are still wondering is Polymarket legit in 2026, see our review.
In the United States, at least 11 states have taken action against prediction markets including Polymarket and Kalshi, issuing cease-and-desist orders or considering new laws. On March 24, both platforms introduced new trading restrictions aimed at curbing insider trading following concerns about well-timed wagers and market integrity.
Both companies are reportedly exploring new funding rounds that could value each platform at around $20 billion. Kalshi lists restrictions in 52 jurisdictions.
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