Galaxy Research Reports 69% of Polymarket Retail Users Are Unprofitable

A Galaxy Research study of 2.9 million retail accounts on Polymarket found that 69.2% of users have lost money, with total losses amounting to $338.9 million. The analysis, which covers trading data from the platform's 2020 launch through October 1, 2026, excludes automated bot accounts, which collectively generated $246.8 million in profits. The report notes that traders are 2.5 times more likely to stop using the platform after a loss than after a win, and that sports-focused bettors experienced the lowest win rates at 25.1%.