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Topley's Top 10
Technology vs. S&P Breaks Above Internet Bubble All-Time High
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4. The House Always Wins in the End-“Sophisticated Pros Dominate Polymarket”
WSJ Instead, casual traders are bleeding cash while a small number of sophisticated pros—including trading firms with access to vast streams of data—eat their lunch, according to a Journal analysis of platform data and interviews with traders.
On Polymarket, the Journal found, 67% of profits go to just 0.1% of accounts. That means less than 2,000 accounts netted a total of nearly half a billion dollars. The Journal analyzed 1.6 million Polymarket accounts that have traded since November 2022. There are at least 2.3 million total accounts on the site.
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