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Share link:In this post: Polymarket built up a reputation as a reliable predictive tool, especially for highly liquid markets. Most users carry losses for all markets on average. Polygon is already working on its post-election betting selection.
Polymarket rose to the top of popularity during the week of the US elections. However, for most users, the platform is extremely risky, with 89% of the market participants losing money.
Polymarket has become notorious for large-scale gains, like the $47M earned by player Freddi9999 for betting on Donald Trump’s electoral victory. To achieve outsized earnings, whales bet up to $70M.
Yet while the elections and popular vote markets were hot, their earnings also came at a price. To achieve its payouts, up to 89% of Polymarket participants are on the losing side of bets. The ratio of winners to losers can shift, but it remains close to those borders.
Soon after the US election results were announced, Polymarket had 14.3% of users in profit and 85.7% carrying losses. Due to the structure of bets, those positions can shift, and some whales have chosen to carry losses for a while until a bet resolves.
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