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Three-quarters of Polymarket profits went to 0.1 percent of accounts, with about 2,000 accounts netting almost 500 million dollars, Mogaz reports
- Three-quarters of Polymarket profits went to 0.1 percent of accounts, with about 2,000 accounts netting almost 500 million dollars, Mogaz reports — A working paper from scholars at London Business School and Yale University found almost every bettor's results were no better than chance and that market accuracy came from around 3 percent of accounts, a concentration Judith Levine argues sits behind the platforms' crowd-wisdom claims. (Mogaz)
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