Only 12.7% of Polymarket users have made profits in the prediction market, with most earning less than $100, according to onchain data.
Polymarket, a decentralized prediction market platform that allows cryptocurrency users to place bets on world events, has worked out favorably for just 12.7% of user wallets, according to new data.
Data from the onchain analytics tool Layerhub shows that 149,383, or 87.3% of the 171,113 crypto wallets on Polymarket, did not make a profit. Wallets with confirmed profits amount to 21,730, or 12.7%.
Polymarket wallets by confirmed realized profits. Source: Layerhub
