Polymarket User Profitability Remains Low Despite High Interest

According to PANews, decentralized prediction market platform Polymarket has revealed that only 12.7% of user wallets have achieved profitability. Data shows that out of 171,113 participating wallets, only 21,730 have made a profit. Most users have earned less than $100, with only 2,138 wallets earning over $1,000. Despite these figures, interest in world events on Polymarket remains high, with the total value of open contracts reaching $161 million. Elon Musk has suggested that Polymarket could potentially predict the outcome of the 2024 U.S. presidential election more accurately than traditional polls.