Summary: The debate on the mechanism of dithiobenzoate‐mediated RAFT polymerization may be resolved by including the reaction between a propagating radical and the star‐shaped combination product from irreversible termination into the kinetic scheme. By this step, a highly reactive propagating radical and a not overly stable three‐arm star species are transformed into the resonance‐stabilized RAFT intermediate radical and a very stable polymer molecule. The time evolution of concentrations is discussed for the main‐equilibrium range of CDB‐mediated methyl acrylate polymerization.