New findings indicate that a small number of traders are generating substantial profits on Polymarket, with an even smaller group reaping the majority of the benefits. According to a report by blockchain analytics firm Solidus Labs, profit concentration on the platform is extreme, with fewer than 1% of wallets accounting for approximately half of all gains in key markets. Between December 2025 and February 2026, just 0.55% of profitable maker wallets captured 50% of gains, while 0.26% of winning taker wallets accounted for nearly the same share, translating to roughly $8 million of about $16 million in profits.
This data supports existing research suggesting that a small minority of traders drives price movements, while an even smaller group retains the majority of the profits. The report highlights that this concentration of wealth does not necessarily imply wrongdoing, but rather that some traders possess significant advantages, including greater sophistication, better capitalization, or faster access to information.
However, the scale of the imbalance suggests a structural divide between a small group of traders operating with substantial advantages and the broader base of participants. The study also identifies signs of wash trading, with approximately 15% of volume in some markets exhibiting patterns consistent with self-trading or economically neutral positions.