#cryptonews
The majority of users on the decentralized prediction market Polymarket have not been able to rake in any profits. Out of 171,113 crypto wallets active on the platform, 149,383, or 87.3%, did not record profits, according to new data from the on-chain analytics platform Layerhub. Only 12.7% of wallets, totaling 21,730, managed to achieve positive returns.
Another 7,400 wallets reported profits in the $100 to $1,000 range, indicating that substantial returns are relatively rare on the platform.
Among the profitable wallets, the earnings remain modest for most. Around 2,138 wallets earned more than $1,000, while the majority saw gains of less than $100.