Analysis: 84% of traders on Polymarket are in a losing position

According to The Defiant, independent on-chain analyst Andrey Sergeenkov's latest research found that 84.1% of traders on Polymarket are in a losing position.

The report analyzed 2.5 million wallet addresses, and Sergeenkov discovered that over the past year, only 2% of traders on the platform have accumulated profits exceeding $1,000, while only 0.033% (i.e., 840 addresses) of traders have made profits of $100,000 on the Polymarket platform.

"Most traders just come to trade for a while and then leave," the report concluded. The research found that the probability of making $5,000 in profit per month decreases month by month. Among 6,600 traders who averaged over $5,000 in monthly profits, only 2.6% remained active for more than a year.