Recently, Polymarket launched Polymarket Builders to develop its ecosystem in response to competition from Kalshi.

I noticed that many of the projects affiliated with Polymarket are actually focused on third-party agency trading around Polymarket, including TG Bots and trading terminals. The business model of agency trading is quite clear: it taxes transactions and is lightweight. These agency trading projects can be identified based on the fee address or Vault address, and the basic method is similar to that of Meme trading terminals.

Overall, the currently launched proxy trading projects account for less than 1% of Polymarket's daily trading volume, which is still very niche and early-stage. Of course, I personally believe that prediction markets are quite different from meme trading; the demand for speed and responsiveness is not as high. Therefore, the core demand for using these proxy trading bots/terminals still raises some questions.

In the context of short individuals rising to prominence, from the existing Polymarkets agents, Polycule still has the highest trading volume share, and the recent coin prices are also relatively good. However, the decision to develop a prediction market independently rather than continuing to study on Polymarket is still not fully understood; Flipr's leveraged trading previously accounted for nearly half of the market share, but later it was questioned for its association with other Rug projects, resulting in a severe sell-off.

It is also worth mentioning that in Polymarket's proxy trading projects, there are significant differences in the initial fee rates and collection methods. For example, Predictify only charges a fee of 0.6% for opening positions; Polycule only charges a fee of 0.5% for closing and redeeming; okbet is the most expensive, charging 1% for both opening and closing positions, resulting in a total of 2% for a complete transaction. Stand trade, Betmoar, and Flipr do not charge opening fees, so the former two are temporarily unable to identify users, while Flipr can only rely on the leveraged Vault to identify trading users, which may lead to the omission of some non-leveraged trades.

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