Does Hermes Trade have an API?

Yes. Hermes Trade documents a public API for market data and trading.

What can you trade on Hermes Trade?

Event contracts on sports and other events. Individual markets open and close, so check the live list before depositing.

Ad disclosureAffiliate links on this page. Compensation does not affect scores. Methodology →

Platform review

Hermes Trade review

CLOB prediction market on Monad with gasless smart-wallet trading

Crypto❌ Unavailable

In United States: Listed as a restricted jurisdiction in Hermes Trade’s terms.

Our verdict

CLOB prediction market on Monad with gasless smart-wallet trading. A catalogue entry built from the operator’s own pages; scored provisionally from its own documents; we have not traded on it.

3.7/10

Editor score

Preliminary

No sign-up link available for this platform yet.

Affiliate link · 18+ · trading involves risk

Score last changed: 30 Sept 2026

Score breakdown — 4 of 9 criteria rated (preliminary)

4 of 9 criteria are assessed, covering 50% of the declared weight. The remaining weight is redistributed proportionally rather than counted as zero.

Fees & costs5.0/1030% (declared 15%)
The fee page (docs.hermestrade.xyz/core-concepts/fees, read 30 Sep 2026) says takers pay a fee in basis points, taken from the fill, while makers and gas are free (a relayer pays gas). It publishes no default rate and points to GET /fee-rate. Querying HermesTrade's own CLOB API (read 30 Sep 2026) returned base_fee 60 bps (0.6%) on sampled politics, Oscars and NFL futures, and 510 bps (5.1%) on the Bitcoin 5-minute up/down markets that make up about 390 of 449 active events. Event markets are cheap, but the dominant markets are expensive and no schedule is published: 5.0.
Regulation & trust1.5/1030% (declared 15%)
The Terms embedded in hermestrade.xyz/predict (read 30 Sep 2026) are issued by "Hermestrade" with no legal entity, address or jurisdiction; governing law is left as "Applicable Law". They bar the US, UK, France, Ontario, Singapore, Poland, Thailand, Taiwan and sanctioned regions, but describe no licence and no identity checks. The contracts run on Monad mainnet (chain ID 143 per GET /public-info). Terms exist, but the team is anonymous, which sits at the top of the 0.5–1.5 band.
Market variety5.0/1024% (declared 12%)
HermesTrade's own Gamma API (gamma-api.hermestrade.xyz/events, read 30 Sep 2026) lists 449 active events. About 390 are Bitcoin 5/15-minute up/down markets. The remaining ~59 cover NFL divisions, NBA, EPL, LaLiga, MLS, the Champions League and League of Legends; US Senate races and the Brazilian election; the Oscars and Ballon d'Or; Fed decisions and crude oil; and other questions. Six of the seven categories appear, but the catalogue outside crypto is thin, with volumes shown in the hundreds of dollars on the site. That is above IBKR (4.0) and below FanDuel (6.5).
Resolution3.5/1016% (declared 8%)
The resolution page (docs.hermestrade.xyz/core-concepts/resolution-disputes, read 30 Sep 2026) describes phases: Proposed, with a challenge window (livenessSecs), then Challenged, then Arbitrated, where "an arbitrator reviews the evidence and rules", then Resolved or Canceled. Evidence can be submitted through POST /disputes/evidence. The page does not say who the arbitrator is, what bond a challenger must post, or how long the window lasts, and administrators can close markets. There is a challenge-and-arbitration process, but it is opaque, so it rates well below Polymarket's UMA DVM (8.5).

Weights are published in full on our methodology page. Commercial relationships are not an input to this model.

Verified documents & product scope

Check country eligibility

Choose the country you want to check. This lookup does not change your site region or establish individual account approval.

Country

Where is Hermes Trade available?

Terms exclude sanctioned regions (Iran, Syria, Cuba, North Korea, Crimea/Donetsk/Luhansk) and the US, UK, France, Ontario, Singapore, Poland, Thailand, Taiwan.

What fees does Hermes Trade charge?

Taker fee in basis points deducted at match; makers not charged at placement; current rate from GET /fee-rate (default not published) (https://docs.hermestrade.xyz/core-concepts/fees).

These are document checks, not a funded-account test. Access may depend on residence, physical location, account approval and the contract category. Check the operator’s current terms before depositing.

Learn how play-money and real-money markets differ, use the fee and payout tools, or read our review methodology.

See our Platform documentation audit for the method and downloadable source register.

HermesTrade docs — Fees — checked 2026-09-30
"HermesTrade charges a taker fee on filled orders" expressed in bps; rate via /fee-rate.
HermesTrade docs — USDW — checked 2026-09-30
USDW "is backed 1:1 by USDC on Monad".
HermesTrade docs — Resolution and disputes — checked 2026-09-30
Phases Proposed → Challenged → Arbitrated; "An arbitrator reviews the evidence and rules".
HermesTrade site terms (embedded) — checked 2026-09-30
Restricted Jurisdictions include the US, UK, France, Ontario, Singapore, Poland, Thailand, Taiwan and sanctioned regions.
HermesTrade CLOB API — fee-rate — checked 2026-09-30
base_fee 60 on sampled politics/sports/Oscars markets; 510 on BTC 5-minute markets.
HermesTrade Gamma API — events — checked 2026-09-30
449 active events, ~390 BTC up/down; remainder across sports, politics, entertainment, economy.
HermesTrade Gamma API — public-info — checked 2026-09-30
Chain ID 143 (Monad mainnet); contract list.

Prices and liquidity

We do not currently publish live quotes for Hermes Trade. Check the platform’s order book before placing an order: the last trade can differ from the price available for your position size.

How to assess liquidity and spreads →

Hermes Trade FAQ

What fees does Hermes Trade charge?: Taker fee in basis points deducted at match; makers not charged at placement; current rate from GET /fee-rate (default not published) (https://docs.hermestrade.xyz/core-concepts/fees).
Is Hermes Trade regulated?: No licence or operator entity named in the Terms embedded on the site; governed by "Applicable Law". Terms bar trading from Restricted Jurisdictions including "the United States, the United Kingdom, France, Ontario, Singapore" (https://hermestrade.xyz/predict).
Who can use Hermes Trade?: Terms exclude sanctioned regions (Iran, Syria, Cuba, North Korea, Crimea/Donetsk/Luhansk) and the US, UK, France, Ontario, Singapore, Poland, Thailand, Taiwan.
Does Hermes Trade have an API?: Yes. Hermes Trade documents a public API for market data and trading.
What can you trade on Hermes Trade?: Event contracts on sports and other events. Individual markets open and close, so check the live list before depositing.

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Authorship

Written by PredictHub editorial

Key facts

Key facts for Hermes Trade
Type	Crypto / on-chain
Launched	—
Jurisdiction	—
Licensing	—
Trading fees	Taker fee (bps, via API); makers 0%
Withdrawal fee	—
Minimum deposit	—
Currencies	USDC
KYC required	—
KYC trigger	—
Market categories	Sports, Other
Public API	Yes
Mobile apps	—
Supported countries	—

Regulatory status

No licence or operator entity named in the Terms embedded on the site; governed by "Applicable Law". Terms bar trading from Restricted Jurisdictions including "the United States, the United Kingdom, France, Ontario, Singapore" (https://hermestrade.xyz/predict).

On this page

Complaints

No verified complaints against Hermes Trade have been published. Cases are checked before they appear, so this counts what we confirmed — not what was sent to us.

See the case log →