Galaxy Research: 69% of Polymarket retail accounts lose money

Galaxy Research published an onchain analysis of 2.9 million Polymarket wallets finding that 69% of retail accounts finish below break-even, with the population down $339 million in aggregate. The study examines trader behavior across the crypto-native prediction market platform.

Quantifies the retail-trader loss rate on Polymarket at a scale that challenges the narrative of prediction markets as efficient wisdom-of-crowds tools; platforms and regulators may cite this data in debates over consumer protection.