369X vs Polymarket
369X vs Polymarket: an order book next to a market maker.
Polymarket is the largest crypto-native prediction market: an order book where its markets team lists markets and takers pay category-based fees. 369X’s design uses an LMSR market maker, lets users request markets and pays approved creators 0.5% of volume. Polymarket is live at scale; 369X is launching on testnet.
First, which Polymarket?
There are two. The international platform is crypto-native: you trade from your own wallet in USDC. It fully restricts 39 countries, including the United States, and four more are close-only. A separate CFTC-regulated venue, Polymarket US, serves US residents with identity checks. This page compares 369X with the international platform.
Feature by feature
| Feature | 369XDesign; status shown per row | PolymarketInternational platform |
|---|---|---|
| Venue model | Decentralised protocol on BNB Smart ChainTestnet launch | Crypto-native platform. A separate CFTC-regulated venue, Polymarket US, serves US users with KYC.Polymarket, 14 August 2026 (opens in a new tab) · Bitcoin Magazine (opens in a new tab) |
| Who holds funds | Your wallet and the protocol's contracts; no company custody intendedIntended design | Your own wallet on the international platformPolymarket (opens in a new tab) |
| How prices are quoted | LMSR automated market maker quotes while a market is openTestnet launch | Order book, with maker rebates for resting liquidityPolymarket, 21 July 2026 (opens in a new tab) |
| Who creates markets | Users request; 369X reviews; approved requests go livePlanned for mainnet | Markets team, with user suggestionsPolymarket, 19 April 2026 (opens in a new tab) |
| Pays the market's originator | Yes: 0.5% of eligible volume to the approved creatorPlanned for mainnet | Not documented in the sources checkedPolymarket, 19 April 2026 (opens in a new tab) |
| Leverage on a YES/NO outcome | 2× to 10× on outcome positionsRolling out | Offers perpetuals on assets (indices, commodities, crypto, equities), a separate product from outcome sharesPolymarket (opens in a new tab) |
| Trading fee model | 2% of trade value on each buy and sell, before staking discountsTestnet launch | Takers pay C × rate × p × (1 − p); rate 0.04–0.07 by category; makers pay nothing; geopolitics fee-freePolymarket (opens in a new tab) |
| Retail liquidity provision | LP Vault: deposit to back all markets; shares fees and lossesTestnet launch | Place resting orders and earn maker rebatesPolymarket, 21 July 2026 (opens in a new tab) |
| Native token | $369X, fixed 369M supply, with fee-funded buyback and burnAt token launch | No live token documented in the sources checkedPolymarket (opens in a new tab) |
| Access and identity checks | Wallet-based, no account KYC in the design; restricted jurisdictions blockedIntended design | 39 countries fully restricted, including the US; four more are close-onlyPolymarket, 14 August 2026 (opens in a new tab) |
Order book versus LMSR
Polymarket matches buyers with sellers. On a busy market that gives tight spreads; on a quiet one you may find no seller at a sensible price. It pays maker rebates, funded from taker fees, to encourage people to post resting orders. 369X quotes every open market from a formula, so there is always a price, and larger trades pay more through price impact instead of waiting. How the two differ.
Fees, compared fairly
Matched assumptions. Buying 100 YES shares at an average price of 50¢ ($50 of shares), one way, as a taker. Network fees and price impact are excluded.
- 369X$1.002% of $50. $0.79 at the top staking tier (1.575%).Testnet launch
- Polymarket, crypto market$1.75100 × 0.07 × 0.50 × 0.50. Politics or finance (rate 0.04): $1.00. Geopolitics: $0. Makers: $0.Polymarket (opens in a new tab)
The shapes differ. Polymarket’s taker fee peaks at 50¢ and shrinks toward 1¢ or 99¢; makers pay nothing. 369X charges a flat 2% of value on every buy and sell. Near 50¢, 369X is cheaper than Polymarket’s crypto taker fee; at extreme prices, Polymarket is usually cheaper, and a Polymarket maker pays no fee at all.
Market creation and creator pay
Polymarket’s markets team creates markets, with suggestions from users on X; its help centre doesn’t describe paying suggesters. On 369X, any user can request a market and, if approved, receive 0.5% of its eligible volume. That feature is planned for mainnet.
Leverage: on the asset or on the outcome?
Polymarket offers perpetual futures on indices, commodities, crypto and equities: leveraged positions on an asset’s price. 369X’s outcome leverage applies to YES/NO shares themselves, which settle at $1 or $0. They are different products with different risks.
Which suits whom
Polymarket fits if you want
- Deep liquidity on major events today
- A long record of resolved markets
- Zero fees as a maker
369X’s design fits if you want
- To be paid for writing markets
- Quotes on niche questions without waiting for a seller
- Leverage on a YES/NO view, once markets graduate
Access depends on where you live for both venues. Check local law.
Sources
- Polymarket: Trading fees (documentation) (opens in a new tab)
- Polymarket: Maker Rebates Program (Help Center) (opens in a new tab)
- Polymarket: How are markets created? (Help Center) (opens in a new tab)
- Polymarket: Geographic restrictions (Help Center) (opens in a new tab)
- Polymarket: Perps overview (documentation) (opens in a new tab)
- Bitcoin Magazine: Polymarket rolls out US app (opens in a new tab)