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    [OC] Only 2.4% of 1.5 million Polymarket wallets have ever made $1,000 in profit
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    [OC] Only 2.4% of 1.5 million Polymarket wallets have ever made $1,000 in profit

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    14 Comments

    1. Gmony5100 on

      The house always wins…

      Neat graphic, and a great reminder to people that the more you gamble the more likely you are to lose overall

    2. mauritzniklas on

      But it also depends on how much people invested/gambled, I guess that a majority of users started with only little amounts. It would be interesting to see the same graph, but only for people that put at least $1000 on the platform

    3. spaceporter on

      How many of the dots have made at least one bet?

      How many of the dots have funded their account with at least $1,000?

    4. RelevantJackWhite on

      how many have come out ahead vs behind?

      I have to think that at least 80% of accounts never placed a bet that would have a $1000 outcome if they won

    7. altapowpow on

      Very similar to only fans. My crusty old feet pictures have made me about 38 cents so far.

    8. VestOfHolding on

      Rule 3. Where’s a post on the sources and tools?

      But good lord, I wish everyone using ChatGPT/Claude to make these would put more effort into trying to make them look different, or generally put more thought into them.

    9. GorgontheWonderCow on

      You haven’t controlled for total bets placed, odds per bet, duration on platform, stake per bet, etc. There’s just no possible way to know if 2.4% is good. The question should be what percentage of users are net positive over the lifetime of their account, not what percentage get over a random threshold.

    10. Zanian19 on

      I don’t really care about those who have won ~$1000. I care about the corrupt who have made millions.

    11. Advanced-Rub2065 on

      The wild part isn’t even the 2% — it’s the concentration. The top 0.1% (~1,560 wallets) took 71.5% of the entire $1B in profit. The single biggest wallet made $22M; the biggest loser dropped $21.8M.

    12. dnhs47 on

      How many of those profit-makers are employed within the Trump Administration and used insider information to bet on when the wars started in Venezuela and Iran (and soon) Cuba, and miraculously got it exactly right?

      That mob of grifters is probably leading the pack of profit-makers.

    13. wimpires on

      Maybe I don’t understand pokymarket but I just thought it was a betting site. 2.4% making $1,000 profit is probably waaaaay higher than lottery players or sports betting sites/bookmakers

    14. weyess on

      Calling people who use Polymarket “traders” is so silly. It’s just gambling.