Fee Calculation
Transaction fees are calculated using the lower of the YES or NO contract price at the time of execution. Fees are not based on the $1.00 contract payout, but on the lower of the two prices.
As a result:
Fee = min(P, 1 − P) × Number of Contracts × Fee Rate
Where:
P = contract price in USD
Number of Contracts = total contracts executed
Fee Rate = maker or taker rate
Fee Rate
Any changes to promotional terms or standard fees will be communicated in accordance with the Notice of Changes below.
Example Fee Scenarios
| Order Type | Price | Contracts | Fee Rate | Total Fee |
|---|
Maker | $0.10 | 100 | 0.01 | $0.10 |
Maker | $0.50 | 100 | 0.01 | $0.50 |
Taker | $0.40 | 100 | 0.05 | $2.00 |
Taker | $0.90 | 100 | 0.05 | |
Notice of Changes
Fees for Gemini Predictions, including any promotional or discounted fees, are determined by Gemini in its sole discretion. Fees for Gemini Predictions are subject to change, withdrawal or introduction at any time. If Gemini imposes dues or additional fees, participants (including Futures Commissions Merchants (“FCM”) customers and introducing broker (“IB”) customers where an IB is a self-clearing member) will be provided notice of the change at the time the amended fees are filed with the U.S. Commodity Futures Trading Commission (the “Commission”). Notice to an FCM customer is deemed given by sending notice to the applicable FCM. Notice to an IB customer (including where the IB is a self-clearing member) is deemed given by sending notice to the applicable IB. Any applicable new fee structure will be implemented no earlier than the first available trade date permitted under CFTC Regulation 40.6(a).
