Update Polymarket documentation (2026-02-18)
- Add new documentation URLs to TARGET.md - Add 8 new documentation files from polymarket-learn section - Update maker-rebates-program.md with 5-minute crypto markets info
This commit is contained in:
AI Agent
@@ -186,3 +186,58 @@ https://docs.polymarket.com/developers/proxy-wallet.md
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## Negative Risk
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https://docs.polymarket.com/developers/neg-risk/overview.md
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## Changelog
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https://docs.polymarket.com/changelog/changelog.md
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## Polymarket Learn - FAQ
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https://docs.polymarket.com/polymarket-learn/FAQ/does-polymarket-have-an-api.md
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https://docs.polymarket.com/polymarket-learn/FAQ/embeds.md
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https://docs.polymarket.com/polymarket-learn/FAQ/geoblocking.md
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https://docs.polymarket.com/polymarket-learn/FAQ/how-to-export-private-key.md
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https://docs.polymarket.com/polymarket-learn/FAQ/is-my-money-safe.md
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https://docs.polymarket.com/polymarket-learn/FAQ/is-polymarket-the-house.md
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https://docs.polymarket.com/polymarket-learn/FAQ/polling.md
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https://docs.polymarket.com/polymarket-learn/FAQ/recover-missing-deposit.md
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https://docs.polymarket.com/polymarket-learn/FAQ/sell-early.md
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https://docs.polymarket.com/polymarket-learn/FAQ/support.md
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https://docs.polymarket.com/polymarket-learn/FAQ/wen-token.md
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https://docs.polymarket.com/polymarket-learn/FAQ/what-are-prediction-markets.md
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https://docs.polymarket.com/polymarket-learn/FAQ/why-do-i-need-crypto.md
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## Polymarket Learn - Deposits
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https://docs.polymarket.com/polymarket-learn/deposits/coinbase.md
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https://docs.polymarket.com/polymarket-learn/deposits/how-to-withdraw.md
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https://docs.polymarket.com/polymarket-learn/deposits/large-cross-chain-deposits.md
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https://docs.polymarket.com/polymarket-learn/deposits/moonpay.md
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https://docs.polymarket.com/polymarket-learn/deposits/supported-tokens.md
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https://docs.polymarket.com/polymarket-learn/deposits/usdc-on-eth.md
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## Polymarket Learn - Get Started
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https://docs.polymarket.com/polymarket-learn/get-started/how-to-deposit.md
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https://docs.polymarket.com/polymarket-learn/get-started/how-to-signup.md
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https://docs.polymarket.com/polymarket-learn/get-started/making-your-first-trade.md
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https://docs.polymarket.com/polymarket-learn/get-started/what-is-polymarket.md
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## Polymarket Learn - Markets
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https://docs.polymarket.com/polymarket-learn/markets/dispute.md
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https://docs.polymarket.com/polymarket-learn/markets/how-are-markets-clarified.md
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https://docs.polymarket.com/polymarket-learn/markets/how-are-markets-created.md
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https://docs.polymarket.com/polymarket-learn/markets/how-are-markets-resolved.md
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## Polymarket Learn - Trading
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https://docs.polymarket.com/polymarket-learn/trading/fees.md
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https://docs.polymarket.com/polymarket-learn/trading/holding-rewards.md
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https://docs.polymarket.com/polymarket-learn/trading/how-are-prices-calculated.md
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https://docs.polymarket.com/polymarket-learn/trading/limit-orders.md
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https://docs.polymarket.com/polymarket-learn/trading/liquidity-rewards.md
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https://docs.polymarket.com/polymarket-learn/trading/maker-rebates-program.md
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https://docs.polymarket.com/polymarket-learn/trading/market-orders.md
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https://docs.polymarket.com/polymarket-learn/trading/no-limits.md
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https://docs.polymarket.com/polymarket-learn/trading/using-the-orderbook.md
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## Missing from API Reference - Core
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https://docs.polymarket.com/api-reference/core/get-positions-for-a-market.md
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## Missing from Builders
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https://docs.polymarket.com/developers/builders/examples.md
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@@ -6,7 +6,7 @@
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> Technical guide for handling taker fees and earning maker rebates on Polymarket
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Polymarket has enabled taker fees on **15-minute crypto markets**, **NCAAB (college basketball)**, and **Serie A** markets.
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Polymarket has enabled taker fees on **15-minute crypto markets**, **5-minute crypto markets**, **NCAAB (college basketball)**, and **Serie A** markets.
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These fees fund a Maker Rebates program that pays daily USDC rebates to liquidity providers.
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<Note>
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@@ -112,21 +112,21 @@ fee = C × p × feeRate × (p × (1 - p))^exponent
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Where **C** = number of shares traded and **p** = price of the shares. The fee parameters differ by market type:
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| Parameter | Sports (NCAAB, Serie A) | 15-Min Crypto |
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| -------------- | ----------------------- | ------------- |
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| Fee Rate | 0.0175 | 0.25 |
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| Exponent | 1 | 2 |
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| Maker Rebate % | 25% | 20% |
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| Parameter | Sports (NCAAB, Serie A) | 5-Min & 15-Min Crypto |
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| -------------- | ----------------------- | --------------------- |
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| Fee Rate | 0.0175 | 0.25 |
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| Exponent | 1 | 2 |
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| Maker Rebate % | 25% | 20% |
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Taker fees are calculated in USDC and vary based on the share price. However, fees are collected in shares on buy orders and USDC on sell orders.
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The effective rate **peaks at 50%** probability and decreases symmetrically toward the extremes.
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<img src="https://mintcdn.com/polymarket-292d1b1b/cYugaGfLiC5yQnD1/polymarket-learn/media/fee_image_review.png?fit=max&auto=format&n=cYugaGfLiC5yQnD1&q=85&s=302c97e82876eac5b1bdf962872d6316" alt="Fee Curves" data-og-width="1484" width="1484" data-og-height="882" height="882" data-path="polymarket-learn/media/fee_image_review.png" data-optimize="true" data-opv="3" srcset="https://mintcdn.com/polymarket-292d1b1b/cYugaGfLiC5yQnD1/polymarket-learn/media/fee_image_review.png?w=280&fit=max&auto=format&n=cYugaGfLiC5yQnD1&q=85&s=5c5ea33f6718c77bc5501eec7d284c7d 280w, https://mintcdn.com/polymarket-292d1b1b/cYugaGfLiC5yQnD1/polymarket-learn/media/fee_image_review.png?w=560&fit=max&auto=format&n=cYugaGfLiC5yQnD1&q=85&s=11f68c179d0f5d8bb20303d3f1847d65 560w, https://mintcdn.com/polymarket-292d1b1b/cYugaGfLiC5yQnD1/polymarket-learn/media/fee_image_review.png?w=840&fit=max&auto=format&n=cYugaGfLiC5yQnD1&q=85&s=2c150cef5a9b1688ee542644bea4a8b5 840w, https://mintcdn.com/polymarket-292d1b1b/cYugaGfLiC5yQnD1/polymarket-learn/media/fee_image_review.png?w=1100&fit=max&auto=format&n=cYugaGfLiC5yQnD1&q=85&s=1a8df2065e4c3e2634c55cbf5eae23a4 1100w, https://mintcdn.com/polymarket-292d1b1b/cYugaGfLiC5yQnD1/polymarket-learn/media/fee_image_review.png?w=1650&fit=max&auto=format&n=cYugaGfLiC5yQnD1&q=85&s=c8c9a753e1c286ebdf03e3e395452cf1 1650w, https://mintcdn.com/polymarket-292d1b1b/cYugaGfLiC5yQnD1/polymarket-learn/media/fee_image_review.png?w=2500&fit=max&auto=format&n=cYugaGfLiC5yQnD1&q=85&s=51b816a9f19219f061e404f35a4d0e13 2500w" />
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<img src="https://mintcdn.com/polymarket-292d1b1b/12mKTb6PQ_jJnYbI/polymarket-learn/media/fee_image_review.png?fit=max&auto=format&n=12mKTb6PQ_jJnYbI&q=85&s=9e5b1d1a262fb6c787af5b6a0fa4d6c2" alt="Fee Curves" data-og-width="1484" width="1484" data-og-height="882" height="882" data-path="polymarket-learn/media/fee_image_review.png" data-optimize="true" data-opv="3" srcset="https://mintcdn.com/polymarket-292d1b1b/12mKTb6PQ_jJnYbI/polymarket-learn/media/fee_image_review.png?w=280&fit=max&auto=format&n=12mKTb6PQ_jJnYbI&q=85&s=111b6dc97e2b301501c02e2df5e3df35 280w, https://mintcdn.com/polymarket-292d1b1b/12mKTb6PQ_jJnYbI/polymarket-learn/media/fee_image_review.png?w=560&fit=max&auto=format&n=12mKTb6PQ_jJnYbI&q=85&s=063f99ef8ec728e399a7cd0b27e704a0 560w, https://mintcdn.com/polymarket-292d1b1b/12mKTb6PQ_jJnYbI/polymarket-learn/media/fee_image_review.png?w=840&fit=max&auto=format&n=12mKTb6PQ_jJnYbI&q=85&s=c7d74e4ca10bd953f1f08a9851017f3c 840w, https://mintcdn.com/polymarket-292d1b1b/12mKTb6PQ_jJnYbI/polymarket-learn/media/fee_image_review.png?w=1100&fit=max&auto=format&n=12mKTb6PQ_jJnYbI&q=85&s=bc3dbf551ae32d6c4e7d85558831fb1f 1100w, https://mintcdn.com/polymarket-292d1b1b/12mKTb6PQ_jJnYbI/polymarket-learn/media/fee_image_review.png?w=1650&fit=max&auto=format&n=12mKTb6PQ_jJnYbI&q=85&s=d082a6e2029bc3f4797d758d689e2c37 1650w, https://mintcdn.com/polymarket-292d1b1b/12mKTb6PQ_jJnYbI/polymarket-learn/media/fee_image_review.png?w=2500&fit=max&auto=format&n=12mKTb6PQ_jJnYbI&q=85&s=417d0c9a66a64d31588d15c908cebf39 2500w" />
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### Fee Table (100 shares)
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<Tabs>
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<Tab title="15-Min Crypto">
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<Tab title="5-Min & 15-Min Crypto">
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| Price | Trade Value | Fee (USDC) | Effective Rate |
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| ------ | ----------- | ---------- | -------------- |
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| \$0.01 | \$1 | \$0.00 | 0.00% |
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@@ -208,6 +208,7 @@ Each market's rebate pool is funded by taker fees collected in that market. The
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| Market Type | Period | Maker Rebate | Distribution Method |
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| ----------------------- | ------------- | ------------ | ------------------- |
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| 15-Min Crypto | Jan 19, 2026+ | 20% | Fee-curve weighted |
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| 5-Min Crypto | Feb 12, 2026+ | 20% | Fee-curve weighted |
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| Sports (NCAAB, Serie A) | Feb 18, 2026+ | 25% | Fee-curve weighted |
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The rebate percentage is at the sole discretion of Polymarket and may change over time.
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@@ -219,6 +220,7 @@ The rebate percentage is at the sole discretion of Polymarket and may change ove
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The following market types have fees enabled:
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* **15-minute crypto markets**
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* **5-minute crypto markets**
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* **NCAAB (college basketball) markets** (starting February 18, 2026 for new markets)
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* **Serie A markets** (starting February 18, 2026 for new markets)
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@@ -0,0 +1,27 @@
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> ## Documentation Index
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> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
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> Use this file to discover all available pages before exploring further.
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# Recover Missing Deposit
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> If you deposited the wrong cryptocurrency on Ethereum or Polygon, use these tools to recover those funds.
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### Recover on Ethereum
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<Note>Use this tool if you deposited the wrong token on Ethereum.</Note>
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1. Go to [https://recovery.polymarket.com/](https://recovery.polymarket.com/) and sign in with your Polymarket account or connect the wallet you use on Polymarket.
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2. Select the asset you incorrectly deposited.
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3. You’ll then see the asset balance displayed, and will have the ability to recover those funds to your specified wallet.
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### Recover on Polygon
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<Note>Use this tool if you deposited the wrong token on Polygon.</Note>
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1. Go to [https://matic-recovery.polymarket.com/](https://matic-recovery.polymarket.com/) and sign in with your Polymarket account or connect the wallet you use on Polymarket.
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2. Select the asset you incorrectly deposited.
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3. You’ll then see the asset balance displayed, and will have the ability to recover those funds to your specified wallet.
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@@ -0,0 +1,72 @@
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> ## Documentation Index
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> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
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> Use this file to discover all available pages before exploring further.
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# How to Sign-Up
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> How to create a Polymarket account.
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<Tip>
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Need Help?
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We're available to guide you through the sign-up process on [Discord](https://discord.gg/polymarket)
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</Tip>
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### Email or Google Sign-Up
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Signing up for Polymarket with your email address or Google account is quick, simple, and secure.
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<Steps>
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<Steps.Step>
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Click **Sign Up** on the top right of the Polymarket homepage.
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</Steps.Step>
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<Steps.Step>
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Enter your email address and click **continue**.
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*You can also use your Google account to sign in and follow the same procedure.*
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</Steps.Step>
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<Steps.Step>
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**Copy the security code** provided by Magic.
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</Steps.Step>
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<Steps.Step>
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You’ll receive an email with the subject “Log in to Polymarket”. Open the email, and click the **Log in to Polymarket** button.
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In the new window, enter or **paste the security code** from the previous step.
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<Note>Note: This page will be hosted on auth.magic.link.</Note>
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You'll see a Login Complete message. Return to your original Polymarket window.
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</Steps.Step>
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<Steps.Step>
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Back on Polymarket, you'll be signed in. Choose your display name, agree to the terms of service, opt into email updates, and get started trading.
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</Steps.Step>
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</Steps>
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### Crypto Wallet Sign-Up
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Polymarket supports most crypto wallets, including MetaMask, Coinbase Wallet, and others via WalletConnect.
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<Steps>
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<Steps.Step>
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Click Sign Up on the Polymarket homepage.
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</Steps.Step>
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<Steps.Step>
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Choose your preferred wallet and follow the prompts to connect it to Polymarket. Ensure you are connected to the Polygon Network, your wallet may prompt you to switch networks.
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</Steps.Step>
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<Steps.Step>
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Sign the transaction prompt(s) on your wallet app or extension.
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</Steps.Step>
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<Steps.Step>
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You're signed in! Choose your display name, agree to the terms of service, opt into email updates, and start trading.
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</Steps.Step>
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</Steps>
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<Note>
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If you have MetaMask or Coinbase Wallet browser extensions installed but wish to connect using their mobile apps, you'll need to disable the extensions in your browser settings and reload Polymarket.
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</Note>
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@@ -0,0 +1,56 @@
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> ## Documentation Index
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> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
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> Use this file to discover all available pages before exploring further.
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# Holding Rewards
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## What are we doing?
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To keep long-term pricing accurate, we're paying 4.00% annualized Holding Reward based on your total position value in certain polymarkets. We anticipate rolling out a new reward and oracle-resolution system later this year — at which point there will be a simple 1-click migration.
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## Reward Rate and Conditions
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The current rate is set at 4.00% and applies to all eligible positions. This rate is variable and subject to change at Polymarket's discretion. We also reserve the right to introduce limits to the total amount of rewards paid out at any time. This iteration of rewards is funded through the Polymarket Treasury.
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Your total position value is randomly sampled once each hour, and the reward is distributed daily. Your rewards are calculated based on the total position value of your eligible positions at the time of evaluation.
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### **Total Position Value Computation**
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For each eligible polymarket, we calculate the eligible position in the following way:
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**Position Valuation**:
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* Based on your current "Yes" and "No" shares and the most recent mid-price for each outcome.
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### **Example**
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If you hold at time of sample:
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* 30,000 “Yes” shares at a price of **\$0.53**
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* 10,000 “No” shares at a price of **\$0.45**
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**Total Position Value** =
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→ `(30000 × 0.53) + (10000 × 0.45)`
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→ `$15,900 + $4,500 = $20,400`
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**Hourly Holding Reward Calculation** (based on 4.00% Annual Reward):
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→ `$20400 × (0.04 / 365 / 24) ≈ $.09315068493`
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## Eligible Events:
|
||||
|
||||
* [Presidential Election Winner 2028](https://polymarket.com/event/presidential-election-winner-2028)
|
||||
* [Republican Presidential Nominee 2028](https://polymarket.com/event/republican-presidential-nominee-2028)
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||||
* [Democratic Presidential Nominee 2028](https://polymarket.com/event/democratic-presidential-nominee-2028)
|
||||
* [Which party wins 2028 US Presidential Election?](https://polymarket.com/event/which-party-wins-2028-us-presidential-election)
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||||
* [Balance of Power: 2026 Midterms](https://polymarket.com/event/balance-of-power-2026-midterms)
|
||||
* [Which party will win the Senate in 2026?](https://polymarket.com/event/which-party-will-win-the-senate-in-2026)
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||||
* [Which party will win the House in 2026?](https://polymarket.com/event/which-party-will-win-the-house-in-2026)
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||||
* [Erdoğan out before 2027?](https://polymarket.com/event/erdoan-out-before-2027)
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||||
* [Zelenskyy out as Ukraine president before 2027?](https://polymarket.com/event/zelenskyy-out-as-ukraine-president-before-2027)
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||||
* [Netanyahu out before 2027?](https://polymarket.com/event/netanyahu-out-before-2027)
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* [Xi Jinping out before 2027?](https://polymarket.com/event/xi-jinping-out-before-2027)
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||||
* [Putin out as President of Russia before 2027?](https://polymarket.com/event/putin-out-before-2027)
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* [Russia x Ukraine ceasefire before 2027?](https://polymarket.com/event/russia-x-ukraine-ceasefire-before-2027)
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@@ -0,0 +1,57 @@
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> ## Documentation Index
|
||||
> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
|
||||
> Use this file to discover all available pages before exploring further.
|
||||
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# Liquidity Rewards
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||||
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||||
> Learn how to earn rewards merely by placing trades on Polymarket
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||||
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With Polymarket's Liquidity Rewards Program, you can earn money by placing limit orders that help keep the market active and balanced.
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## Overview
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||||
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* The closer your orders are to the market's average price, the more you earn.
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* The reward amount depends on how helpful your orders are in terms of size and pricing compared to others.
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* The more competitive your limit orders, the more you can make.
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* You get paid daily based on how much your orders add to the market, and can use our [Rewards page](https://polymarket.com/rewards) to check your current earnings for the day, which markets have rewards in place, as well as how much.
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* The minimum reward payout is \$1; amounts below this will not be paid.
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<Frame>
|
||||
<img src="https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/liquidity-rewards-earnings.png?fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=ebcb693900b79d2c23356b0f087b5941" data-og-width="2000" width="2000" data-og-height="767" height="767" data-path="polymarket-learn/media/liquidity-rewards-earnings.png" data-optimize="true" data-opv="3" srcset="https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/liquidity-rewards-earnings.png?w=280&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=9db6070985119ba1a50a442567f0aa60 280w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/liquidity-rewards-earnings.png?w=560&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=0751971d6bdbf37e5b6199c75667b7df 560w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/liquidity-rewards-earnings.png?w=840&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=f202b8060f23a9dfe979a984f6ff7dc2 840w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/liquidity-rewards-earnings.png?w=1100&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=85fca21bad31dda8a833de3c0ec3ffbf 1100w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/liquidity-rewards-earnings.png?w=1650&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=a1ac5afea3e04a8223d135159792cfbc 1650w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/liquidity-rewards-earnings.png?w=2500&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=85b91f7804be348fcea35ccc7981ae6e 2500w" />
|
||||
</Frame>
|
||||
|
||||
Simply put, the more you help the market by placing good orders, the more rewards you earn!
|
||||
|
||||
## Seeing Rewards in the Order Book
|
||||
|
||||
### Viewing Rewards
|
||||
|
||||
The total rewards, max spread, and minimum shares required to earn rewards vary by market. You can view the rewards for a given market in its Order Book.
|
||||
|
||||
* On the Polymarket order book, you can hover over the Rewards text to see the amount of rewards available in total on each market.
|
||||
|
||||
* The blue highlighted lines correspond to the max spread — meaning the farthest distance your limit order can be from the midpoint of the market to earn rewards.
|
||||
|
||||
* In the example below, because the max spread is 3c, every order within 3c of the midpoint is eligible for rewards. If the midpoint is \< \$0.10, you need to have orders on both sides to qualify.
|
||||
|
||||
<Frame>
|
||||
<img src="https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/liquidity-rewards-market.png?fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=12202bc1af31cdc1935ee816ca00f308" data-og-width="2000" width="2000" data-og-height="1367" height="1367" data-path="polymarket-learn/media/liquidity-rewards-market.png" data-optimize="true" data-opv="3" srcset="https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/liquidity-rewards-market.png?w=280&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=b065f81168d3d5f9541857471a041427 280w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/liquidity-rewards-market.png?w=560&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=35755273beea782b1bb20c11288afb74 560w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/liquidity-rewards-market.png?w=840&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=75f37d73214985f85bdb5c98351a4654 840w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/liquidity-rewards-market.png?w=1100&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=7b14257457d28ae5209200328093439d 1100w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/liquidity-rewards-market.png?w=1650&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=58d5ff89f7f9efe900bdb9602de7b9b1 1650w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/liquidity-rewards-market.png?w=2500&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=fa5269ee4ff8c40974c69024a89c2e90 2500w" />
|
||||
</Frame>
|
||||
|
||||
### Earning Rewards
|
||||
|
||||
When your orders are earning rewards you’ll see a blue highlight around the clock icon, as shown below:
|
||||
|
||||
<Frame>
|
||||
<img src="https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/earning-liquidity-rewards.png?fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=1a0c05e93f37c95c66b4ad67ff66c320" data-og-width="2000" width="2000" data-og-height="1631" height="1631" data-path="polymarket-learn/media/earning-liquidity-rewards.png" data-optimize="true" data-opv="3" srcset="https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/earning-liquidity-rewards.png?w=280&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=f8423304aac914fefae7361fc2d2c17e 280w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/earning-liquidity-rewards.png?w=560&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=69ee175aab44d11b54ca22e02769c7e7 560w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/earning-liquidity-rewards.png?w=840&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=53a591eb0724fcc6d1bc60ff57d54a4c 840w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/earning-liquidity-rewards.png?w=1100&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=c1360cc0a9aadafee148df76e446dc39 1100w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/earning-liquidity-rewards.png?w=1650&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=8c078f355b61a3d8bd09a62ff246fbad 1650w, https://mintcdn.com/polymarket-292d1b1b/YUHnSq4JdekVofRY/polymarket-learn/media/earning-liquidity-rewards.png?w=2500&fit=max&auto=format&n=YUHnSq4JdekVofRY&q=85&s=4cdcf0dc79ea6e6e28dcce1cbf08657e 2500w" />
|
||||
</Frame>
|
||||
|
||||
## Learn more
|
||||
|
||||
Rewards are paid out automatically every day at \~midnight UTC. Your history on your portfolio page will reflect rewards paid to your address.
|
||||
|
||||
To read more about the specific calculations and formulas that determine rewards, visit our [Liquidity Rewards Documentation](/developers/market-makers/liquidity-rewards).
|
||||
@@ -0,0 +1,131 @@
|
||||
> ## Documentation Index
|
||||
> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
|
||||
> Use this file to discover all available pages before exploring further.
|
||||
|
||||
# Maker Rebates Program
|
||||
|
||||
Polymarket has enabled taker fees on **15-minute crypto markets**, **5-minute crypto markets**, **NCAAB (college basketball)**, and **Serie A** markets. These fees fund a **Maker Rebates** program that pays daily USDC rebates to liquidity providers.
|
||||
|
||||
<Note>
|
||||
Starting **Wednesday, February 18th, 2026 at midnight (UTC)**, taker fees and maker rebates will apply to all **new** NCAAB and Serie A markets created after that time. Existing markets are not affected. The first payout will be on February 19th at midnight (UTC).
|
||||
</Note>
|
||||
|
||||
## Why Expand Maker Rebates?
|
||||
|
||||
Sports markets benefit from the same dynamics as our 15-minute crypto and 5-minute crypto markets. When liquidity is deeper:
|
||||
|
||||
* Spreads tend to be tighter
|
||||
* Price impact is lower
|
||||
* Fills are more reliable
|
||||
* Markets are more resilient during volatility
|
||||
|
||||
Maker Rebates incentivize consistent, competitive quoting so everyone gets a better trading experience.
|
||||
|
||||
### Program Funding
|
||||
|
||||
Maker Rebates are funded by taker fees collected in eligible markets. A percentage of these fees are redistributed to makers who keep the markets liquid. The rebate percentage differs by market type.
|
||||
|
||||
| Market Type | Period | Maker Rebate | Distribution Method |
|
||||
| ----------------------- | ------------- | ------------ | ------------------- |
|
||||
| 15-Min Crypto | Jan 19, 2026+ | 20% | Fee-curve weighted |
|
||||
| 5-Min Crypto | Feb 12, 2026+ | 20% | Fee-curve weighted |
|
||||
| Sports (NCAAB, Serie A) | Feb 18, 2026+ | 25% | Fee-curve weighted |
|
||||
|
||||
<Note>
|
||||
Polymarket collects taker fees in eligible markets (15-minute crypto, 5-minute crypto, NCAAB, and Serie A). The rebate percentage is at the sole discretion of Polymarket and may change over time.
|
||||
</Note>
|
||||
|
||||
## Taker Fee Structure
|
||||
|
||||
Taker fees are calculated in USDC and vary based on the share price. However, fees are collected in shares on buy orders and USDC on sell orders.
|
||||
Fees are highest at 50% probability and lowest at the extremes (near 0% or 100%).
|
||||
|
||||
<img src="https://mintcdn.com/polymarket-292d1b1b/12mKTb6PQ_jJnYbI/polymarket-learn/media/fee_image_review.png?fit=max&auto=format&n=12mKTb6PQ_jJnYbI&q=85&s=9e5b1d1a262fb6c787af5b6a0fa4d6c2" alt="Fee Curves" data-og-width="1484" width="1484" data-og-height="882" height="882" data-path="polymarket-learn/media/fee_image_review.png" data-optimize="true" data-opv="3" srcset="https://mintcdn.com/polymarket-292d1b1b/12mKTb6PQ_jJnYbI/polymarket-learn/media/fee_image_review.png?w=280&fit=max&auto=format&n=12mKTb6PQ_jJnYbI&q=85&s=111b6dc97e2b301501c02e2df5e3df35 280w, https://mintcdn.com/polymarket-292d1b1b/12mKTb6PQ_jJnYbI/polymarket-learn/media/fee_image_review.png?w=560&fit=max&auto=format&n=12mKTb6PQ_jJnYbI&q=85&s=063f99ef8ec728e399a7cd0b27e704a0 560w, https://mintcdn.com/polymarket-292d1b1b/12mKTb6PQ_jJnYbI/polymarket-learn/media/fee_image_review.png?w=840&fit=max&auto=format&n=12mKTb6PQ_jJnYbI&q=85&s=c7d74e4ca10bd953f1f08a9851017f3c 840w, https://mintcdn.com/polymarket-292d1b1b/12mKTb6PQ_jJnYbI/polymarket-learn/media/fee_image_review.png?w=1100&fit=max&auto=format&n=12mKTb6PQ_jJnYbI&q=85&s=bc3dbf551ae32d6c4e7d85558831fb1f 1100w, https://mintcdn.com/polymarket-292d1b1b/12mKTb6PQ_jJnYbI/polymarket-learn/media/fee_image_review.png?w=1650&fit=max&auto=format&n=12mKTb6PQ_jJnYbI&q=85&s=d082a6e2029bc3f4797d758d689e2c37 1650w, https://mintcdn.com/polymarket-292d1b1b/12mKTb6PQ_jJnYbI/polymarket-learn/media/fee_image_review.png?w=2500&fit=max&auto=format&n=12mKTb6PQ_jJnYbI&q=85&s=417d0c9a66a64d31588d15c908cebf39 2500w" />
|
||||
|
||||
### Fee Table (100 shares)
|
||||
|
||||
<Tabs>
|
||||
<Tab title="5-Min & 15-Min Crypto">
|
||||
| Price | Trade Value | Fee (USDC) | Effective Rate |
|
||||
| ------ | ----------- | ---------- | -------------- |
|
||||
| \$0.01 | \$1 | \$0.00 | 0.00% |
|
||||
| \$0.05 | \$5 | \$0.003 | 0.06% |
|
||||
| \$0.10 | \$10 | \$0.02 | 0.20% |
|
||||
| \$0.15 | \$15 | \$0.06 | 0.41% |
|
||||
| \$0.20 | \$20 | \$0.13 | 0.64% |
|
||||
| \$0.25 | \$25 | \$0.22 | 0.88% |
|
||||
| \$0.30 | \$30 | \$0.33 | 1.10% |
|
||||
| \$0.35 | \$35 | \$0.45 | 1.29% |
|
||||
| \$0.40 | \$40 | \$0.58 | 1.44% |
|
||||
| \$0.45 | \$45 | \$0.69 | 1.53% |
|
||||
| \$0.50 | \$50 | \$0.78 | **1.56%** |
|
||||
| \$0.55 | \$55 | \$0.84 | 1.53% |
|
||||
| \$0.60 | \$60 | \$0.86 | 1.44% |
|
||||
| \$0.65 | \$65 | \$0.84 | 1.29% |
|
||||
| \$0.70 | \$70 | \$0.77 | 1.10% |
|
||||
| \$0.75 | \$75 | \$0.66 | 0.88% |
|
||||
| \$0.80 | \$80 | \$0.51 | 0.64% |
|
||||
| \$0.85 | \$85 | \$0.35 | 0.41% |
|
||||
| \$0.90 | \$90 | \$0.18 | 0.20% |
|
||||
| \$0.95 | \$95 | \$0.05 | 0.06% |
|
||||
| \$0.99 | \$99 | \$0.00 | 0.00% |
|
||||
|
||||
The maximum effective fee rate is **1.56%** at 50% probability. Fees decrease symmetrically toward both extremes.
|
||||
</Tab>
|
||||
|
||||
<Tab title="Sports (NCAAB, Serie A)">
|
||||
| Price | Trade Value | Fee (USDC) | Effective Rate |
|
||||
| ------ | ----------- | ---------- | -------------- |
|
||||
| \$0.01 | \$1 | \$0.00 | 0.02% |
|
||||
| \$0.05 | \$5 | \$0.00 | 0.08% |
|
||||
| \$0.10 | \$10 | \$0.02 | 0.16% |
|
||||
| \$0.15 | \$15 | \$0.03 | 0.22% |
|
||||
| \$0.20 | \$20 | \$0.06 | 0.28% |
|
||||
| \$0.25 | \$25 | \$0.08 | 0.33% |
|
||||
| \$0.30 | \$30 | \$0.11 | 0.37% |
|
||||
| \$0.35 | \$35 | \$0.14 | 0.40% |
|
||||
| \$0.40 | \$40 | \$0.17 | 0.42% |
|
||||
| \$0.45 | \$45 | \$0.19 | 0.43% |
|
||||
| \$0.50 | \$50 | \$0.22 | **0.44%** |
|
||||
| \$0.55 | \$55 | \$0.24 | 0.43% |
|
||||
| \$0.60 | \$60 | \$0.25 | 0.42% |
|
||||
| \$0.65 | \$65 | \$0.26 | 0.40% |
|
||||
| \$0.70 | \$70 | \$0.26 | 0.37% |
|
||||
| \$0.75 | \$75 | \$0.25 | 0.33% |
|
||||
| \$0.80 | \$80 | \$0.22 | 0.28% |
|
||||
| \$0.85 | \$85 | \$0.19 | 0.22% |
|
||||
| \$0.90 | \$90 | \$0.14 | 0.16% |
|
||||
| \$0.95 | \$95 | \$0.08 | 0.08% |
|
||||
| \$0.99 | \$99 | \$0.02 | 0.02% |
|
||||
|
||||
The maximum effective fee rate is **0.44%** at 50% probability. Fees decrease symmetrically toward both extremes.
|
||||
</Tab>
|
||||
</Tabs>
|
||||
|
||||
### Fee Precision
|
||||
|
||||
Fees are rounded to 4 decimal places. The smallest fee charged is 0.0001 USDC. Anything smaller rounds to zero, so very small trades near the extremes may incur no fee at all.
|
||||
|
||||
## FAQ
|
||||
|
||||
<AccordionGroup>
|
||||
<Accordion title="How are rebates calculated?">
|
||||
Rebates are proportional to your share of executed maker liquidity in each eligible market. Totals are calculated per market, so you only compete with other makers in the same market.
|
||||
</Accordion>
|
||||
|
||||
<Accordion title="Which markets have fees enabled?">
|
||||
15-minute crypto markets, 5-minute crypto markets, and starting February 18, 2026, NCAAB and Serie A markets.
|
||||
</Accordion>
|
||||
|
||||
<Accordion title="Is Polymarket charging fees on all markets?">
|
||||
No. Fees apply only to 15-minute crypto, 5-minute crypto, NCAAB, and Serie A markets. All other markets remain fee-free.
|
||||
</Accordion>
|
||||
</AccordionGroup>
|
||||
|
||||
## For API Users
|
||||
|
||||
If you trade programmatically, you'll need to update your client to handle fees correctly.
|
||||
|
||||
<Card title="Developer Guide: Maker Rebates" icon="code" href="/developers/market-makers/maker-rebates-program">
|
||||
Technical documentation for handling fees in your trading code
|
||||
</Card>
|
||||
@@ -0,0 +1,43 @@
|
||||
> ## Documentation Index
|
||||
> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
|
||||
> Use this file to discover all available pages before exploring further.
|
||||
|
||||
# Market Orders
|
||||
|
||||
> How to buy shares.
|
||||
|
||||
# Market Orders
|
||||
|
||||
Once you've [signed up](../get-started/how-to-signup) and [deposited funds](../get-started/how-to-deposit), you're ready to start trading on Polymarket. Here's a step-by-step guide to get you started.
|
||||
|
||||
## Video Walkthrough
|
||||
|
||||
<iframe width="560" height="315" src="https://www.youtube.com/embed/1lFgkHLqo28?si=i7e61-roRsOVeRMW" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen />
|
||||
|
||||
## Placing a Market Order
|
||||
|
||||
\_Before trading, you'll want to visit the [markets page](https://polymarket.com/markets) to find a market that interests you.
|
||||
|
||||
<Steps>
|
||||
<Steps.Step>
|
||||
### [Choose a market](https://polymarket.com/markets)
|
||||
|
||||
Locate the 'buy' modal, on the right side of the screen. Click the outcome you want to buy (usually Yes or No), then enter the dollar amount you wish to invest.
|
||||
</Steps.Step>
|
||||
|
||||
<Steps.Step>
|
||||
### Buy shares
|
||||
|
||||
Click **Buy** and confirm the transaction in your wallet. Once your trade goes through, you'll receive a notification confirming its success.
|
||||
|
||||
<Tip>Congrats, you're officially a Polymarket trader!</Tip>
|
||||
</Steps.Step>
|
||||
|
||||
<Steps.Step>
|
||||
### Share your bet slip
|
||||
|
||||
You'll also see a bet slip to share on social media. We love sending \$\$\$ to traders who post their trades on Twitter and tag us!
|
||||
</Steps.Step>
|
||||
</Steps>
|
||||
|
||||
Simple, right? If you think you've got the hang of it, it's time to learn about more advanced trading and order types. [Limit Orders](../trading/limit-orders/).
|
||||
@@ -0,0 +1,9 @@
|
||||
> ## Documentation Index
|
||||
> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
|
||||
> Use this file to discover all available pages before exploring further.
|
||||
|
||||
# Does Polymarket Have Trading Limits?
|
||||
|
||||
By design, the Polymarket orderbook **does not** have trading size limits. It matches willing buyers and sellers of any amount.
|
||||
|
||||
However, there is no guarantee that it will be possible to transact a desired amount of shares without impacting the price significantly, or at all if there are no willing counterparties. Before trading in any market, especially in large size, it is valuable to look at the orderbook to understand depth of liquidity, ie how many buyers or sellers are in the market and their desired trade size and price.
|
||||
@@ -0,0 +1,54 @@
|
||||
> ## Documentation Index
|
||||
> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
|
||||
> Use this file to discover all available pages before exploring further.
|
||||
|
||||
# Using the Order Book
|
||||
|
||||
> Understanding the Order Book will help you become an advanced trader.
|
||||
|
||||
In the Getting Started tutorial on [Making your First Trade](../get-started/making-your-first-trade/), we learned about market orders.
|
||||
|
||||
In a market order, your trade executes instantly at the current market price.
|
||||
|
||||
But what if you think the market price is too high and want to set a specific price that you would be willing to accept? These are called [Limit Orders](../trading/limit-orders/).
|
||||
|
||||
## Viewing the Order Book
|
||||
|
||||
The order book is a list of every open order to buy or sell shares in a particular market.
|
||||
|
||||
<Frame>
|
||||
<img className="block w-full h-auto dark:hidden" style={{ maxWidth: '100%', height: 'auto' }} noZoom src="https://polymarket-upload.s3.us-east-2.amazonaws.com/Orderbook-light.png" />
|
||||
</Frame>
|
||||
|
||||
In this market, **“Presidential Election Winner 2024”**, we are viewing the order book for Trump <span style={{ backgroundColor: '#E5F8E6', color: '#27AE60', padding: '2px 4px', borderRadius: '4px' }}>Yes</span> shares.
|
||||
|
||||
The green side represents the <span style={{ backgroundColor: '#E5F8E6', color: '#27AE60', padding: '2px 4px', borderRadius: '4px' }}>Bids</span>: the highest price traders are willing to pay to buy Trump <span style={{ backgroundColor: '#E5F8E6', color: '#27AE60', padding: '2px 4px', borderRadius: '4px' }}>Yes</span>
|
||||
shares.
|
||||
|
||||
The red side represents the <span style={{ backgroundColor: '#FEEEE5', color: '#F55A00', padding: '2px 4px', borderRadius: '4px' }}>Asks</span>: the lowest price traders are willing to accept to sell Trump <span style={{ backgroundColor: '#E5F8E6', color: '#27AE60', padding: '2px 4px', borderRadius: '4px' }}>Yes</span> shares.
|
||||
|
||||
<Tip>
|
||||
Notice that there is a 0.3c gap between the highest bid and the lowest ask price. This is referred to as the spread.
|
||||
</Tip>
|
||||
|
||||
## Managing open orders
|
||||
|
||||
When you have an open order, you'll find it displayed just below the Order Book on the market's page.
|
||||
|
||||
If you have open orders across multiple markets, you can easily manage and monitor them all from the [Portfolio page](https://polymarket.com/portfolio?tab=Open+orders).
|
||||
|
||||
## Canceling open orders
|
||||
|
||||
When you have an open order, you'll find it displayed just below the Order Book on the market's page.
|
||||
|
||||
To cancel the order, you can simply click the red **x** button alongside the order.
|
||||
|
||||
<iframe width="560" height="315" src="https://www.youtube.com/embed/KuA2UdUfZls?si=RUpuzqB9lbBB2pl9" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen />
|
||||
|
||||
If you have open orders across multiple markets, you can easily manage and monitor them all from the [Portfolio page](https://polymarket.com/portfolio?tab=Open+orders).
|
||||
|
||||
Nice! You can officially call yourself an advanced trader.
|
||||
|
||||
<Tip>
|
||||
If some of this still isn’t making sense, feel free to reach out to us on [Discord](https://discord.com/invite/polymarket). We’re happy to help get you up to speed.
|
||||
</Tip>
|
||||
Reference in New Issue
Block a user