Strategy

Smarkets mulls 0% commission for recreational punters

Exchange says “long-term goal” is no commission for recreational punters while institutional traders still pay their way

Smarkets could eventually cut its commission rates to 0% for recreational users, EGR Intel can reveal. Smarkets developer Shashank Khare said the 0% plan was a “long-term goal” for more casual users, while institutional traders and market-makers using the API would still pay commission. The exchange currently charges 2% commission on net winnings, which is…

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