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99.99% of Polymarket traders shouldn't quit their day jobs, data suggests

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 287 Views

99.99% of Polymarket traders shouldn't quit their day jobs, data suggests

While nearly 16% of Polymarket users are in profit, only a tiny fraction have made gains large and consistent enough to entertain walking away from their day job.

Just 0.015% of Polymarket traders can reliably make $5,000 or more a month, according to new data, meaning the idea of quitting a full-time job to trade prediction markets is unrealistic for most.

Data from crypto analyst Andrey Sergeenkov on Monday found that while nearly 1% of Polymarket traders earned more than $5,000 in a single month, only 0.1% managed to repeat that the following month and just 0.015% were able to sustain it for four consecutive months.

The average US monthly salary is around $5,220, according to Consumer Shield.

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