Data: Only 12.7% of user wallets on Polymarket are profitable

On October 10th, according to Layerhub data, only 12.7% of user wallets on the decentralized prediction market platform Polymarket are profitable. Of the 171,113 wallets, only 21,730 are profitable, most users earn less than $100, and only 2138 wallets earn more than $1,000. Despite this, Polymarket's current unpositioned squaring contracts still amount to $161 million.