Research from blockchain analytics firm Solidus Labs has uncovered a striking imbalance in the distribution of profits on Polymarket, with a minuscule group of traders dominating the market and capturing the lion's share of gains. Between December 2025 and February 2026, a mere 0.55% of profitable maker wallets and 0.26% of winning taker wallets accounted for approximately 50% of all profits, totaling around $8 million out of $16 million.
This phenomenon is not unique to Polymarket, as previous studies have shown that a small minority of traders drives price discovery. However, the scale of the disparity on Polymarket suggests a significant structural divide between a select group of sophisticated traders and the broader user base. The report highlights the presence of wash trading and economically neutral positions, which may be indicative of incentive farming or manipulation. While the data is verifiable, the framing of the report should be considered in the context of Solidus' market surveillance sales pitch.