**Polymarket: Betting Big, Winning Small**

- Polymarket, the decentralized prediction market, has been a tough nut to crack for most users. Only 12.7% of wallets have seen profits, according to Layerhub data.

- Out of 171,113 wallets, a mere 21,730 made gains, with just 2,138 earning over $1,000. Most profits were between $0–$100.

- Despite the odds, Polymarket remains buzzing. It recorded over 300,000 trades daily between Oct. 6-8, driven by global events and the upcoming U.S. election.

- Open interest on Polymarket stands strong at $161.1 million. Even Elon Musk chimed in, suggesting Polymarket could outpredict traditional polls for the 2024 election. 🚀

Source: Elon Musk