Builder Fee Update for Prediction Market
We will be updating our builder fees for the prediction market to ensure that high-odds outcomes are charged lower fees. This aligns fees with expected payout and creates a more balanced trading environment.
The change will also make Based more attractive for users, as fees will now scale intelligently with the probability of each contract.
Previously, placing an order at a $0.99 share price for 100 shares would incur a 1% fee, costing $0.99 on a $99 order. Under the new model, the fee for the same order would be just $0.07, making it roughly 14x cheaper!
Trading fees are now calculated as a variable percentage of the expected payout for each contract.
https://basedapp.gitbook.io/docs/based/prediction
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