Data: Over 40% of Ploymarket users place bets below $50, with only 3 accounts earning over $10 million in profits

PANews
PANews|Nov 07, 2024 03:58
According to incomplete statistics from OKG Research, during the US election period, Ploymarket platform saw a significant increase in trading volume and active users, but the average betting size of users decreased. Data shows that over 85% of users place bets below $500, with over 40% of users placing bets below $50, reflecting that the platform is attracting more users with lower economic or risk tolerance. In addition, with the announcement of the election results, there are nearly 70 accounts on Ploymarket that have made profits of over one million US dollars, an increase of more than 10 times compared to before, among which 3 accounts have made profits of over 10 million US dollars. However, the overall return rate is relatively moderate, with only about 12% of accounts achieving positive profits.
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