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Report: 69% of Polymarket retail accounts lose money; former Rep. Santos banned from Kalshi
- Report: 69% of Polymarket retail accounts lose money; former Rep. Santos banned from Kalshi — A Bradenton Herald report cited by Bonus.com found 69.2% of 2.9M Polymarket retail accounts finished below break-even, with $338.9M in total losses since 2020 and new research estimating 25% of historical volume is wash trading. The report also revealed up to 90% of Kalshi's bets are sports-related and that former Rep. George Santos was quietly issued a lifetime Kalshi ban after wagering on his own State of the Union attendance. (Bonus.com)
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