> ## Documentation Index
> Fetch the complete documentation index at: https://docs.polymarket.com/llms.txt
> Use this file to discover all available pages before exploring further.

# Referral Program

> Refer traders to Polymarket and earn daily pUSD rewards

<Note>
  These updated Referral Program terms take effect on **Thursday, May 28, 2026**.
</Note>

Refer traders to Polymarket and earn a share of the net trading fees they generate, paid every day in pUSD.

To start earning, you need at least **\$10,000** in lifetime trading volume on Polymarket.

***

## Eligibility

* You need **\$10,000** in lifetime trading volume to earn referral rewards.
* You can share links before you reach \$10,000, but you only start earning once you cross the threshold.

***

## How to Refer

Share any market or profile page using the share button on that page. When someone clicks your link and signs up, they become your referral.

* **Direct referral:** someone you personally refer.
* **Indirect referral:** someone referred by one of your referrals. For example, if you refer Alice and Alice refers Bob, then Bob is your indirect referral.

To count, a new user must sign up within **30 days** of clicking your link.

***

## Rewards

You earn a share of the **net** trading fees your referrals generate.

| Type              | Reward                      |
| ----------------- | --------------------------- |
| Direct referral   | **10%** of net trading fees |
| Indirect referral | **5%** of net trading fees  |

<Note>
  Net trading fees are what Polymarket keeps after the referred user's own tier
  rebate. The more rebate they earn, the more of their fees go back to them
  rather than into your referral reward.
</Note>

### The Caps

Referral rewards are bounded two ways. Rewards on a referral end at whichever of these comes first:

1. **Until Platinum.** Rewards apply on your referral's trades from the moment they sign up through every tier up to and including **Gold**. Once they reach **Platinum**, referral rewards on their trades end.
2. **30 days.** Rewards apply only for the first 30 days after a referral signs up.

### Example

You refer a new trader. From their very first trade and through every tier up to **Gold**, you earn **10%** of the net fees from their trades, paid daily. If they trade actively early on, this is when you earn the most. Your rewards on that referral end once they reach **Platinum** or hit 30 days, whichever happens first.

***

## Payouts

* Rewards are **paid every day at midnight UTC** in pUSD, straight to your account.
* You can watch your referral earnings add up **live**.

***

## Notes

* You earn referral rewards based on the **net** trading fees your referrals generate. Net fees are what Polymarket keeps after the referred user's tier rebate.
* Rewards on a referral start with their first trade and end at whichever of these comes first: the referral reaches **Platinum**, or **30 days** since their sign-up.
* Not all markets have fees. You will not earn from referral activity on free markets, including Geopolitical and world events markets.
* A new user must sign up within **30 days** of clicking your link to be attributed to you.
* Reward rates, windows, tier caps, and any other terms are set by Polymarket and can change at any time without notice.
* Polymarket reserves the right, at its sole discretion, to disqualify referrals and withhold or claw back rewards for activity that breaks our Terms of Service, including but not limited to self-referrals, linked accounts, and inauthentic trading.

***

## FAQ

<AccordionGroup>
  <Accordion title="Who can earn referral rewards">
    Any Polymarket user with at least \$10,000 in lifetime trading volume. You
    can share links before reaching the threshold, but rewards only begin once
    you cross it.
  </Accordion>

  <Accordion title="What is the difference between direct and indirect referrals">
    A direct referral is someone you personally refer. An indirect referral is
    someone referred by one of your referrals. You earn 10% of net fees from
    direct referrals and 5% from indirect referrals.
  </Accordion>

  <Accordion title="What does net fees mean">
    Net fees are what Polymarket keeps after the referred user's own tier
    rebate. Your referral reward is a percentage of that net amount.
  </Accordion>

  <Accordion title="When do my referral rewards stop">
    Rewards on a referral start with their first trade and end at whichever of
    these comes first: the referral reaches the Platinum tier, or 30 days from
    their sign-up.
  </Accordion>

  <Accordion title="When am I paid">
    Rewards are paid once a day at midnight UTC in pUSD, directly to your
    account.
  </Accordion>

  <Accordion title="What is not allowed">
    Self-referrals, referring accounts you control, and inauthentic trading are
    not allowed. Polymarket may disqualify referrals and claw back rewards for
    activity that breaks the Terms of Service.
  </Accordion>
</AccordionGroup>

***

## Next Steps

<CardGroup cols={2}>
  <Card title="Taker Rebate Program" icon="trophy" href="/trading/taker-rebates">
    Climb the tiers and earn daily pUSD rebates as you trade.
  </Card>

  <Card title="Fee Structure" icon="receipt" href="/trading/fees">
    See how taker fees are calculated across market categories.
  </Card>
</CardGroup>