On the 28th, Bloomberg reported that retail investors are rushing into 'combined bets' on prediction market platforms, where multiple predictions are bundled into a single wager. However, traders with advanced trading strategies are profiting at the opposite end.
On the Karsi prediction market, combined bets accounted for 36% of this month's trading contracts. Excluding fees, the net loss for retail investors since the beginning of the year has reached $290 million, according to Bloomberg's trading data...