Most Prediction Market Traders Are Losing Money While Bots Rack Up Gains

We already have Skynet — it’s just fleecing humans on Polymarket bets: www.bloomberg.com/news/article... (gift link)

‘A majority of the profits were raked in by a tiny slice of what look to be automated bots, based on Polymarket trade records. Everyone else, in aggregate, lost $131 million.’ www.bloomberg.com/news/article...

Important, urgent analysis here. "Over 100,000 accounts lost at least $1,000 on Polymarket, one of the largest prediction markets, according to a Bloomberg News analysis of every wallet active since the beginning of 2025. That is almost twice the number that made at least that much."

Betting against the house

Why am I not surprised? Same with gambling app users, where only 5% take out more $ than they put in. Tragic that these platforms target young people.

“Over 100,000 accounts lost at least $1,000 on Polymarket… almost twice the number that made at least that much. Among the winners, a majority of the profits were raked in by a tiny slice of what look to be automated bot” www.bloomberg.com/news/article...

“Prediction markets are being touted on social media as a lucrative side hustle for young Americans squeezed by rent and student loan bills. In reality, most traders are losing money, and a significant amount in many cases.” www.bloomberg.com/news/article...

Stay off Polymarket. Stay away from prediction markets of all types. They're predatory environments, and you're the prey. (via Matt Levine's newsletter) www.bloomberg.com/news/article...

"Over 100,000 accounts lost at least $1,000 on Polymarket, one of the largest prediction markets, according to a Bloomberg News analysis of every wallet active since the beginning of 2025. That is almost twice the number that made at least that much." www.bloomberg.com/news/article...

It's like they're not even pretending anymore that this is something sustainable. The fact this is even considered legal to begin with is still absolutely absurd to me.

If you bet anything on prediction markets, you're a sucker. "Among the winners, a majority of the profits were raked in by a tiny slice of what look to be automated bots, based on the Polymarket trade records. Everyone else, in aggregate, lost $131 million." www.bloomberg.com/news/article...