
預測市場平台 Polymarket 宣布自 3 月 30 日起,將交易費用擴展至幾乎所有市場類別,此前僅針對加密貨幣與體育賽事合約收費。新費率結構中,加密貨幣市場承擔最高費率,中間值由 1.56% 升至 1.8%;體育博彩費率最低,為 0.75%。
新費率結構:各市場類別差異一覽
(來源:Polymarket)
Polymarket 採用基於機率的浮動收費模式,費率並非固定佣金,而是隨事件發生機率動態調整。當事件勝率接近 50% 時,費率達到峰值;隨著結果趨於確定,費率則逐步接近零。
此次費率調整,各類別峰值費率如下:
加密貨幣市場:中間值由 1.56% 升至 1.8%,為所有類別最高費率
體育博彩市場:由 0.44% 升至 0.75%,為所有類別最低費率
政治、金融、經濟、科技、文化、天氣等類別:預計落在 1% 至 1.56% 之間,此前上述類別均未收取交易費
以體育類為例,一筆 50 美元、勝率 50% 的交易,手續費由原先的 0.22 美元升至 0.38 美元。加密貨幣類別在相同條件下的費用增幅更為顯著,直接壓縮頻繁交易者的實際收益空間。
推薦計劃與市場誠信新規同步推出
推薦計劃架構
Polymarket 同步推出針對高交易量用戶的推薦計劃,申請門檻為歷史交易量達 10,000 美元以上。推薦人可獲得直接推薦用戶在完成註冊後 180 天內產生佣金的 30%,以及間接推薦用戶佣金的 10%。獎勵無上限,每日午夜(UTC)自動發放。
市場誠信規則更新
Polymarket 亦同步更新了國際平台與美國商品期貨交易委員會(CFTC)監管平台的市場誠信規則,新規明確禁止三類行為:使用竊取的機密資訊進行交易、利用非法內線消息建立倉位,以及能夠直接影響事件結果的相關人員參與對應市場交易。用戶可透過新設立的市場誠信頁面提交可疑活動舉報。
上述綜合調整顯示, Polymarket 正逐步向受監管的金融交易平台模式靠攏,與當前預測市場受到交易者與監管機構高度關注的整體趨勢一致。
常見問題
Polymarket 的費率是固定的嗎?
不是。Polymarket 採用基於機率的浮動費率模式,費率隨事件勝率動態調整,在 50% 機率時達到峰值,隨著結果趨於確定,費率逐漸降低至接近零。
為何加密貨幣市場費率高於其他類別?
Polymarket 未公開差異定價的具體依據。從費率結構觀察,加密貨幣市場中間費率(1.8%)明顯高於體育博彩(0.75%),可能與加密類市場的流動性特徵或交易頻率有關。
Polymarket 的美國平台受哪個機構監管?
Polymarket 在美國的預測市場受美國商品期貨交易委員會(CFTC)監管,此次市場誠信規則更新同時適用於其國際平台與 CFTC 監管的美國平台。
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