Galaxy Research finds 69.2% of retail Polymarket traders lost money

Galaxy Research reported that 69.2% of retail traders on Polymarket finished in the red. The study also named Crypto.com, ProphetX, and Fanatics as other platforms in the space. Galaxy said nothing in its report undermines the case for prediction markets as 'truth machines.'

The 69.2% retail loss rate challenges the narrative that prediction markets are easy money for casual participants, and could dampen user acquisition as platforms compete for mainstream traders.