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⛓️ Crypto🔴 BearishImportance 6/10

84% of Polymarket Traders Are Losing Money, New Research Finds

The Defiant|Olivia Capozzalo|
84% of Polymarket Traders Are Losing Money, New Research Finds
Image via The Defiant
🤖AI Summary

New research by on-chain analyst Andrey Sergeenkov reveals that 84% of Polymarket traders are losing money, with only 2% of 2.5 million analyzed wallets ever making over $1,000. The findings highlight the challenging nature of prediction market trading for most participants.

Key Takeaways
  • 84% of Polymarket traders are losing money according to on-chain analysis of 2.5 million wallets.
  • Only 2% of wallets analyzed have ever achieved profits exceeding $1,000.
  • The research was conducted by on-chain researcher Andrey Sergeenkov.
  • The data suggests prediction market trading is difficult for most retail participants.
  • Polymarket's user profitability rates appear significantly lower than traditional trading platforms.
Read Original →via The Defiant
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