A recent study by blockchain analytics firm Solidus Labs has found that a minuscule group of traders is capturing a disproportionate share of profits on Polymarket, with less than 1% of wallets accounting for roughly half of all gains. The report analyzed data from Polymarket's politics markets between December 2025 and February 2026, showing that 0.55% of profitable maker wallets and 0.26% of winning taker wallets accounted for nearly 50% of gains, totaling around $8 million in profits. This discovery reinforces earlier research suggesting that a small minority of traders drives price movements, while an even smaller group reaps the financial benefits.
The findings also raise concerns about the concentration of wealth and potential wash trading, with around 15% of volume in some markets exhibiting patterns consistent with self-trading or economically neutral positions. While the data highlights the need for market surveillance, it is essential to consider the source, as Solidus Labs sells surveillance platforms and may have a vested interest in promoting the need for such infrastructure.