"They're losing money at roughly the same rate as online gamblers betting on sports and other real-life events at traditionally sportsbooks, according to the U.K. gambling regulator's analysis of 2024 data."
"There was a small percentage of big winners, but of those, many appeared to be professionals placing thousands or even millions of bets in an automated way. Then there are those who probably have insider knowledge."
"A lot of users aren't that good at predicting the future. They're losing money at roughly the same rate as online gamblers betting on sports and other real-life events at traditionally sportsbooks, according to the U.K. gambling regulator's analysis of 2024 data."
"Maybe put your cash in a savings account. If you're really after favorable odds, stick it under the mattress. It just won't be as fun as losing money incrementally."
Users who won and lost money on Polymarket show that many people are not strong predictors of future outcomes. Losses occur at roughly the same rate as online gamblers betting on sports and other real-life events at traditional sportsbooks. A U.K. gambling regulator analysis of 2024 data supports this comparison. A small percentage of users are big winners, but many of those winners appear to be professionals placing thousands or even millions of bets through automated systems. Some big winners may also have insider knowledge. The overall implication is that safer options like savings accounts or cash storage may offer more favorable odds than betting.
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