On the 1st, Galaxy Digital's research division published a report analyzing all on-chain settlement records of the international edition of the prediction market Polymarket. Of approximately 2.9 million 'individual' accounts, which trade at a human pace, 69.2% fell below the breakeven point. The total losses amounted to $338.9 million.
Polymarket allows users to buy and sell 'Yes/No' shares that are settled based on outcomes such as election results or sports events...