Galaxy: 69.2% of "retail" accounts on Polymarket's international platform lost money, with cumulative losses of $338.9 million

PANews, October 2 — Based on Polymarket on-chain settlement data compiled by Stork, Galaxy Research analyzed approximately 2.9 million "retail" accounts on the international platform that were filtered by manual trading frequency. The results show that 69.2% of accounts ultimately ended up below breakeven, with combined losses of $338.9 million. Accounts that did not open any new positions within 30 days after a loss accounted for 15.2%, while the figure after a profit was 6.1%. The report defines accounts that traded at least 5 category markets and concentrated more than 60% of their traded markets on a single theme as "expert traders," accounting for 44.1%. Among them, sports accounted for 47% of all expert traders, but only 25.1% were profitable — the lowest among all themes — while technology and science had the highest profitability rate at 41.2%, though with a smaller sample. The median typical position size of profitable traders was $13.96, higher than the $10 of losing traders; no clear relationship was found between holding time and profitability.