Polymarket Profitability Crisis: 70% of Users Lose Money, Profits Concentrated Among 0.04%

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On-chain analysis reveals 70% of Polymarket users lost money in 2024, with over $3.7 billion in profits concentrated in under 0.04% of addresses. On-chain data shows 63.5% of profitable users earned under $1,000, while 4.9% made over $1,000. Just 140 addresses lost more than $1 million, highlighting extreme wealth concentration in prediction markets.

Based on BitcoinWorld, a blockchain analysis reveals that 70% of Polymarket users have not realized a net profit, with over 70% of total $3.7 billion in gains captured by fewer than 0.04% of addresses. The data, analyzed by defioasis and published in early 2025, shows that 63.5% of profitable users earned less than $1,000, while only 4.9% of users earned over $1,000. Just over 140 addresses lost more than $1 million, indicating that large-scale losses are rare. The analysis highlights extreme wealth concentration and challenges the perception of accessibility in prediction markets.

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