Decrypt 07 nov. 2024

Whales Won Millions Betting on Trump, But 86% of Polymarket Traders Have Lost Money 🐋

Trump Polymarket

The article reveals that a significant majority of Polymarket users have lost money, particularly due to their predictions on the platform. A small number of large traders, known as whales, have capitalized on these losses, making substantial profits from bets placed on topics such as Donald Trump.

This trend highlights the imbalance in profit distribution within Polymarket, where only a select few come out successful. It raises questions about the sustainability and fairness of such prediction market platforms, as the broader user base seems to continuously incur financial losses.

The findings point to a similar pattern seen in other trading platforms where experienced or capital-heavy traders can manipulate market outcomes to their favor, leaving the less-informed or less-funded traders at a disadvantage.

Bron: decrypt.co ↗

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