To give you these exact numbers, 70% of Polymarket traders lost money, while onl...

…According to a Federal Reserve report, young adults are already a lot less likely to have retirement accounts or really any savings at all. So, with almost nothing to lose, high-upside, low-probability bets could start to feel rational in a world of perceived scarcity, regardless of how much money they stand to lose. To give you these exact numbers, 70% of Polymarket traders lost money, while only 0.04% captured 70% of the profits. And even though win or lose, they do get a small piece of trading volume, which has recently amounted to over a billion dollars in a single day. This is why one analyst believes that the bottom quarter of Kalshi users lost about 28 cents of every dollar they bet, compared with about 11 cents per dollar on other online gambling sites. Obviously, Ka…