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 ...