Polymarket nears $1M in fee revenue on first day of full monetization

Prediction market Polymarket recorded $927,000 in fee revenue on April 1, its first full day of complete monetization, Wu Blockchain reported. This performance projects to an annualized revenue of $400 million, with $338.35 million from fees. The platform transitioned to a fully paid model on March 30, having rolled out transaction fees in stages. Fees were first introduced for crypto-related wagers early this year, followed by sports betting, and were extended to most other bets late last month.