News list for " election period"

Polymarket whale bets on Trump make a lot of money, 86% of users lose money

During the recent US election, Polymarket, a prediction market platform, saw a surge in trading volume, with volumes approaching $2.50 billion in October and exceeding $1.20 billion in November. While a small number of "giant whale" users made a lot of money betting on Trump's victory, the data shows that 86% of Polymarket users actually lost money. Of about 371,000 user wallets, only 4,004 realized profits of more than $1,000. Some users tried to obtain possible future token airdrops through hi...

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2024-11-07 22:44:17
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