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by somenameforme 20 days ago
Polymarket doesn't take a cut. Their profit comes in transaction fees.
2 comments

The mob boss doesn't charge me interest on my loan - he just really likes receiving expensive gifts from me.
"We don't take a cut of your bet, we just charge you a transaction fee on your bet" is reaching a bit.
My phrasing was poor, but they do so generally in a very good faith fashion. It's not just a wink wink rake type thing. For instance there are no fees at all on the most popular and high-volume markets - geopolitics and world events. And not only are there are no fees even on smaller markets for market 'makers' - people who put up an offer, but they provide a percentage of all fees collected from market 'takers' back to the makers, as a means of encouraging liquidity.