According to PANews, data from the decentralized prediction market platform Polymarket shows that only 12.7% of user wallets are profitable. The data shows that among the 171,113 participating wallets, only 21,730 have achieved profits, most users have made less than $100, and only 2,138 wallets have made more than $1,000.
Despite this, interest in world events remains high on Polymarket, with open interest currently totaling $161 million. Elon Musk has said that Polymarket may be able to predict the outcome of the 2024 U.S. presidential election more accurately than traditional polls.