Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»Polymarket Betters Is Overwhelmingly Losing Money: Here’s Why.
ALTCOIN NEWS

Polymarket Betters Is Overwhelmingly Losing Money: Here’s Why.

By Crypto FlexsOctober 10, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Polymarket Betters Is Overwhelmingly Losing Money: Here’s Why.
Share
Facebook Twitter LinkedIn Pinterest Email
  • This is only a small portion of Polymarket wallet revenue.
  • Whale traders dominate the platform.
  • There is no slowdown in trading activity.

Recently, Polymarket, a distributed Polygon-based prediction platform, has been receiving a lot of attention. Ahead of the upcoming US election, the platform has recorded a total of $1 billion in bets on this event alone.

Traders are interested in the possibility of betting on real events, especially important ones. However, despite its popularity, recent data shows that most traders are losing money. In other words, only 12.7% of Polymarket wallets subsequently reported realized profits.

Why Most Polymarket Betters Lose Money

Polymarket has received a lot of attention ahead of the upcoming US election. However, its performance for traders leaves much to be desired. Data from LayerHub on October 10 showed that 87.3% of the 176,076 wallets that interacted with Polymarket reported losses.

This is Polymarket's wallet chart based on realized profits.
Source: LayerHub

Most of these wallets bet small amounts and reported returns of less than $100. Just 2,148 wallets earned more than $1,000 from over 10.79 million bets on the platform. There are many reasons for this low profitability, with low liquidity being the biggest problem.

đź’ˇ Prediction markets have recently been receiving a lot of attention on Web3, led by platforms such as Polymarket.
The report examines some of the existing and upcoming players in the forecasting market, examining their latest developments.

🧵 Check out the highlights and full links… pic.twitter.com/ihG5tCxpOZ

— Crypto.com Research & Insights (@cryptocom_rni) September 16, 2024

There is considerable liquidity on popular bets such as the winner of the US election, but this is the exception. According to a recent report by Crypto.com, most bets on Polymarket have low liquidity. This means that there are few counterparties that can match the size of your trade. Low liquidity causes price declines, forcing traders to execute trades at less favorable prices.

Polymarket faces new competition

Despite Polymarket’s dominance in prediction markets, the platform may be more vulnerable than it appears. In August, the platform achieved a trading volume of $473 million. However, according to a report by Crypto.com, 91% of this volume is related to the US presidential election.

In contrast, some of Polymarket’s competitors have much better access to liquidity. This includes the Solana-based BET platform powered by the Drift perpetual futures exchange. BET’s main advantage is that it has access to $500 million in liquidity from Drift.

By providing more liquidity, these platforms can help make prediction markets more efficient and profitable for users.

On the flip side

  • Last July, through D8X Exchange, users Take advantage of Polymarket betting. However, this has raised concerns, especially due to the risky and unpredictable nature of these positions.
  • Betting markets like Polymarket also serve to gauge the likelihood of future events. for example, PolyMarket Probability Prediction President Joe Biden is expected to drop out of the primary.

Why This Matters

Polymarket’s past performance is very important for traders looking to participate in the betting market. This shows that even if traders predict the outcome, they may have difficulty realizing profits.

Learn more about Polymarket’s token launch.
Polymarket Mulling Token Launch for New Fund Raising: Is It Time?

Learn more about Solana’s latest achievements:
Solana dominated the token launch with 87% market share.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

Gaming tokens hit $40,000 due to Bitcoin drop.

January 23, 2024

Discover the MyriadCoin Revolution: The Future of Cryptocurrency – The Defi Info

January 10, 2024

BNB Chain Celebrates 4th Anniversary with BNB Day Festival

August 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.