70% of Polymarket users are unprofitable, analysis finds

Approximately 30% of the 1.7 million addresses on the prediction market platform Polymarket have realized a profit, according to an analysis by blockchain analyst defioasis. The findings, posted on X, indicate that profits are heavily concentrated, with fewer than 0.04% of all addresses accounting for over 70% of total gains, amounting to $3.7 billion. While the majority of profitable addresses (63.5%) earned between $0 and $1,000, their collective earnings represented just 0.86% of all realized profits. An address earning over $1,000 placed in the top 4.9% of users. The analyst also noted that large-scale losses were uncommon, with just over 140 addresses losing more than $1 million.