๐Ÿ“ฐ ใ€Most traders on Polymarket are losing money, with only a few high-frequency trading bots turning a profitใ€‘



BlockBeats reports that on April 29, according to data from Bloomberg, on the Polymarket platform, the loss amounts of more than 100,000 accounts are at least $1,000โ€”nearly twice the number of accounts that have posted profits of the same amount. Meanwhile, a group made up of roughly 823 highly active accounts (with extremely high daily trading volume, classified as BOT) collectively recorded about $131 million in profit. Other than these high-activity BOT accounts, all other traders as a whole lost $131 million. The report notes that prediction markets with an annual trading volume exceeding $50 billion and continuing to grow are currently being dominated by a small number of automated programs. For example, inโ€ฆ

So, has the โ€œgreensโ€ on Polymarket been exposed? 100,000 money-losing accounts are propping up just a few hundred bots. Once again, the inherent shortcomings of emotionally driven human trading have been nailed to the pillar of shame by the data. The gamblers who thought they could beat algorithms with intuition now understand what โ€œhelplessness in the face of a duelโ€ really means. On-chain, only code never makes mistakes.

๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡๐Ÿ‘‡
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments