Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi
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Polymarket’s top 0.1 percent.
A Wall Street Journal analysis of 1.6 million accounts on the prediction market platform found that just 0.1 percent of accounts are raking in 67 percent of profits. Most Polymarket and Kalshi users are losing money — and the platforms continue to try to use journalists and influencers to bring in customers.
Why Almost Everyone Loses—Except a Few Sharks—on Prediction Markets
[The Wall Street Journal]
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