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Galaxy:Polymarket international platform 69.2%“retail” accounts in losses, cumulative losses 338900000 USD

PANews October 2 news, Galaxy Research analyzed, based on Stork’s compilation of Polymarket on-chain settlement data, approximately 2900000“retail” accounts on the international platform selected based on manual trading frequency, and the results showed that 69.2%of the accounts ultimately fell below the breakeven point, with total losses of 338900000 USD. Of these, 30 of accounts did not open another position within days after incurring losses, compared with 15.2%after making profits. 6.1%The report defined accounts that traded at least 5 category markets and had more than 60%of their trading markets concentrated in a single theme as “expert traders,” accounting for 44.1%; sports accounted for 47%of all expert traders, but only 25.1%were profitable, the lowest among all themes, while technology and science had the highest profitability rate, at 41.2%, although the sample was small....

Source: https://www.panewslab.com/zh/articles/01a0fa0c-6ce9-7204-a3e2-f0d242a2ab74