00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A Bloomberg analysis found that over 100,000 Polymarket accounts lost at least $1,000 since
00:08early 2025, nearly double the number of accounts that made at least that much.
00:13Most profits went to a small group of automated bot accounts,
00:16while all other traders collectively lost $131 million.
00:21Polymarket's public blockchain ledger provides a detailed view of how millions of users have
00:26performed as prediction market trading has rapidly expanded across a wide range of events.
00:31Research found that around 69% of traders have lost money since 2022,
00:37with the top 1% earning three-quarters of gains.
00:41Data shows retail traders often picked correct outcomes but lost money due to late trades at
00:46poor prices. Retail stock traders often underperform but rarely lose everything,
00:52while prediction market traders risk losing 100% of their money on a bad bet.
00:56A Polymarket spokesperson declined to comment on the research findings.
01:01For all things money, visit Benzinga.com.
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