Galaxy Research Finds 69% of Polymarket Retail Accounts Lose Money
This story is only covered by news sources that have yet to be evaluated by the independent media monitoring agencies we use to assess the quality and reliability of news outlets on our platform. Learn more here.6 Articles
6 Articles
A study by Galaxy Research reveals that the majority of betters go back with lighter pockets on Polymarket. Indeed, out of 2.9 million individual accounts analysed, almost 7 out of 10 end up in red. In total, individual betters accumulate $339 million in losses, and sports betting enthusiasts are the most affected. The Polymarket article: almost 70% of users lose money has appeared first on Cryptoast.
69.2% of Polymarket Retail Accounts Lose Money, With $338.9M in Aggregate Losses
Nearly seven in ten retail accounts trading on Polymarket have lost money, according to new onchain analysis that estimates 69.2% of the cohort is unprofitable and has accumulated $338.9 million in aggregate losses. The figures offer a stark look at how trading outcomes are distributed across the prediction market, where users buy and sell contracts whose prices reflect the market-implied probability of future events. Importantly, the data descr…
A Galaxy Research analysis of 2.9 million human-paced accounts found that nearly seven out of ten Polymarket retail users ended up with losses, while automated accounts were out of the sample and recorded joint gains.
Crypto Briefing
Cryptocurrency News | Cryptocurrency Prices | Market CapGalaxy Research finds 69% of Polymarket retail accounts lose money
High loss rates in prediction markets may deter retail participation, potentially skewing outcomes and reducing market diversity and accuracy.
Coverage Details
Bias Distribution
- There is no tracked Bias information for the sources covering this story.
Factuality
To view factuality data please Upgrade to Premium
