Polymarket: Only 12.7% of Crypto Wallets Show Profits in Decentralized Prediction Markets
Polymarket, a decentralized prediction market that enables users to wager on world events using cryptocurrency, has proven to be an uphill battle for most of its participants. Recent onchain data from analytics tool Layerhub revealed that only 12.7% of crypto wallets on the platform have turned a profit, highlighting the risky and often costly nature of betting on real-world events via blockchain technology.