Polymarket: Profits for Few
"I found the article, so you were right generally. 70% of Polymarket traders lost money, so that's one side of it, which I find low. But top 0.04% captured most profits. So 70% of the money also captured by 0.04%, not 0.4% or 4% 0.04%."
ℹ️ In short70% of Polymarket traders lost money, while only 0.04% captured most profits, indicating a highly concentrated distribution of capital.
Predictions closed
For informational purposes only. Not investment, financial, legal or tax advice. Full disclaimer
… You know, pump.fun was probably one of the first one of those, Polymarket, another one, great. And and these are all still at the core gambling. So I think eventually we'll get to at the core trade finance, uh, you know, assets on chain, portfolio management, etc. Things that normal people want to participate in. >> I found the article, so you were right generally. 70% of Polymarket traders lost money, so that's one side of it, which I find low. But top 0.04% captured most profits. So 70% of the money also captured by 0.04%, not 0.4% or 4% 0.04%. I mean, that's I I would love to see the data on even the most manipulated meme coins on who made the money and who lost the money and if it's better or worse than that. But like this is, you know, and then you like these are the facts and then you know you have Trump like freaking out today. You know, uh, it's critically important that CFTC exclu …
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