Galaxy Research released a report on Polymarket traders based on data compiled by Stork and a sample of about 2.9 million retail accounts on the international platform. According to ChainCatcher, the platform has matched 1.27 billion orders since launching in 2020, involving 3.07 million wallets and $82.8 billion in notional volume.

The report said 125,429 accounts with more than 50 orders per active day were excluded, representing 4.1% of accounts but accounting for 80.8% of orders and 41% of notional trading volume. It found that 69.2% of retail accounts were below break-even, with combined losses of $338.9 million.

The median retail account lost about $3, and half of accounts fell between minus $36.64 and plus $0.40. The report also said 15.2% of traders who lost money did not trade again within 30 days, compared with 6.1% after a profit. Excluded automated accounts generated a combined profit of $246.8 million.

Among traders who specialized in a single theme, 44.1% devoted more than 60% of their activity to one category. Sports specialists made up 47% of all specialists and had the lowest profit rate at 25.1%, while technology and science specialists had a 41.2% profit rate. The report covered the platform's full history and said taker fees were introduced in early 2026. At a 50-cent price point, a crypto market taker paid $1.75 for 100 shares and a $50 position, equal to 3.5% of the capital deployed.