A tiny group is winning on Polymarket as under 1% of wallets take half the profits
Fewer than 1% of wallets on Polymarket capture half of all profits, indicating extreme profit concentration.Summary
New data from Solidus Labs reveals extreme profit concentration on Polymarket, with less than 1% of wallets capturing approximately half of all gains in key markets between December 2025 and February 2026. Specifically, 0.55% of profitable maker wallets and 0.26% of winning taker wallets secured about $8 million each out of a total of $16 million in profits. This finding builds on previous research suggesting a small minority of traders drive price discovery. While concentration doesn't necessarily imply wrongdoing, the report argues the imbalance points to a structural divide where a small, sophisticated group with significant advantages operates separately from the broader user base. The study also identified patterns consistent with wash trading in about 15% of volume on some markets, potentially linked to incentive farming for an upcoming $POLY airdrop. Solidus Labs, the firm behind the report, also sells a surveillance platform, framing the findings as a need for such infrastructure.
(Source：CoinDesk)