Most Polymarket Users Lose Money, While Top 1% Claim 76.5% of Gains, Study Finds

In Polymarket’s prediction market, “most people end up losing money,” reports the Washington Post — typically a few bucks. “Since Polymarket launched in 2022, a few thousand people have lost the bulk of the money… and an even smaller group — .05 percent of users — has gone home with most of the overall profits, according to a new analysis from finance researcher Pat Akey and colleagues.” A lot of users aren’t that good at predicting the future. They’re losing money at roughly the same rate as online gamblers betting on sports and other real-life events at traditional sportsbooks, according…