ChainCatcher news, Galaxy Research released the report "The Behavior of Polymarket Traders". The data was compiled by Stork. The sample is about 2.9 million retail accounts defined by transaction frequency on the Polymarket international platform. According to the report, the platform has matched 1.27 billion orders since its launch in 2020, involving 3.07 million wallets and a nominal amount of $82.8 billion. 125,429 accounts with more than 50 orders per active day were eliminated, accounting for 4.1% of accounts but contributing 80.8% of orders and 41% of nominal volume.
The report showed that 69.2% of retail accounts were below breakeven, with a combined loss of $338.9 million. The median retail account lost about $3, with half falling between −$36.64 and +$0.40. The proportion that did not trade again within 30 days was 15.2% after a loss and 6.1% after a profit. The automated accounts that were removed made a combined profit of $246.8 million. The median position was $13.96 for winners and $10 for losers.
44.1% of traders focus more than 60% of their activity on a single theme. Those who specialize in sports account for 47% of all specialists, and their profit ratio is 25.1%, which is the lowest among all themes; those who specialize in technology and science have a profit ratio of 41.2%. The report covers the entire history of the international platform and writes that the platform will introduce taker fees in early 2026. At 50 cents, a crypto market taker is paying $1.75 for a 100-share, $50 position, or about 3.5% of capital invested.