Nearly 89% of users of popular forecasting platform Polymarket are on the blockchain Polygon lose money. Of course, the ratio of winners to losers may vary depending on the purpose of the bet, but it is still approximately the same.
So according to Dune Analytics , after the announcement of the US presidential election results, 14,3% of Polymarket users made a profit. About 85,7% of players suffered losses.
Most Polymarket users are suffering losses
Bets on US presidential candidates showed that the largest number of bets on Polymarket were made from wallets with less than $100. However, in terms of bet size, the leaders are big players who own digital assets worth $50 or more.
Analysts calculated that from 100 to 000 bets were made from more than 1 wallets, and from 5 wallets, users made 95-000 bets.
The US presidential election has made Polymarket the leading crypto forecasting platform by trading volume. During the vote, the platform processed over 371 million trades, but the following day, that number plummeted to just 37 million.
In an effort to restore high trading volume, Polymarket is already accepting bets on expectations surrounding Donald Trump's presidency: his policy decisions, actions, cabinet appointments, and more.
