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Update Polymarket documentation (2026-02-18)

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- 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
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AI Agent
2026-02-18 13:10:56 +01:00
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docs/developers/market-makers/maker-rebates-program.md
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@@ -6,7 +6,7 @@
> Technical guide for handling taker fees and earning maker rebates on Polymarket
Polymarket has enabled taker fees on **15-minute crypto markets**, **NCAAB (college basketball)**, and **Serie A** markets.
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>
@@ -112,21 +112,21 @@ fee = C × p × feeRate × (p × (1 - p))^exponent
Where **C** = number of shares traded and **p** = price of the shares. The fee parameters differ by market type:
| Parameter | Sports (NCAAB, Serie A) | 15-Min Crypto |
| -------------- | ----------------------- | ------------- |
| Fee Rate | 0.0175 | 0.25 |
| Exponent | 1 | 2 |
| Maker Rebate % | 25% | 20% |
| Parameter | Sports (NCAAB, Serie A) | 5-Min & 15-Min Crypto |
| -------------- | ----------------------- | --------------------- |
| Fee Rate | 0.0175 | 0.25 |
| Exponent | 1 | 2 |
| Maker Rebate % | 25% | 20% |
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.
The effective rate **peaks at 50%** probability and decreases symmetrically toward the extremes.
<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" />
<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="15-Min Crypto">
<Tab title="5-Min & 15-Min Crypto">
| Price | Trade Value | Fee (USDC) | Effective Rate |
| ------ | ----------- | ---------- | -------------- |
| \$0.01 | \$1 | \$0.00 | 0.00% |
@@ -208,6 +208,7 @@ Each market's rebate pool is funded by taker fees collected in that market. The
| 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 |
The rebate percentage is at the sole discretion of Polymarket and may change over time.
@@ -219,6 +220,7 @@ The rebate percentage is at the sole discretion of Polymarket and may change ove
The following market types have fees enabled:
* **15-minute crypto markets**
* **5-minute crypto markets**
* **NCAAB (college basketball) markets** (starting February 18, 2026 for new markets)
* **Serie A markets** (starting February 18, 2026 for new markets)