Majority Of Polymarket Wallets Report Losses

According to Odaily, data from on-chain analysis tool Layerhub reveals that out of 171,113 cryptocurrency wallet addresses on Polymarket, 149,383 (87.3%) are not profitable. Only 21,730 wallets, representing 12.7% of the total, have reported profits. Among these profitable wallets, just 2,138 users have earned more than $1,000, with most profits ranging between $0 and $100. Polymarket has facilitated approximately 10.8 million prediction transactions. From October 6 to 8, the company recorded over 300,000 transactions daily, driven by current global events such as ongoing international conflicts and the upcoming U.S. presidential election.