Galaxy: 69.2% of Polymarket Retail Accounts Are Unprofitable, $338.9M in Aggregate Losses
- —69.2% of roughly 2.9 million retail accounts finished below break-even
- —Aggregate retail losses reached $338.9 million, with a median loss of about $3
- —15.2% of accounts stopped trading for 30 days after a loss versus 6.1% after a win
- —Sports specialists had the lowest profitability at 25.1%, tech and science the highest at 41.2%
Why it matters: The findings show retail trading on prediction markets is largely unprofitable, adding pressure on regulators and the sector's reputation.
Source: ZyCrypto