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Research covering 2.4 million Polymarket users finds 68.8 percent lost money as top 1 percent captured 76.5 percent of gains, DocSports reports
- Research covering 2.4 million Polymarket users finds 68.8 percent lost money as top 1 percent captured 76.5 percent of gains, DocSports reports — DocSports, in a 59-statistic review of sports prediction markets, cited research covering 2.4 million Polymarket users and 67 billion dollars in volume finding 68.8 percent of users lost money, with the top 1 percent of traders capturing 76.5 percent of all gains and about 5 percent of bot-like wallets generating 75 percent of volume. It also counted 43.2 million Polymarket trades in the 30 days ending October 6, at an average of 55.17 dollars paid per trade. (DocSports)
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