We analysed 3 years worth of Polymarket trades. Here's what we found.
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Special thanks to the experts and collaborators who made this video possible:
Professor Vincent Gregoire for helping us understand who wins and who loses on Polymarket and making his dataset freely available.
Professors Theis Jensen and Roberto Gomez Cram for giving us insight into the strategies used by winning users.
Professor Carissa Veliz for highlighting the questions that need to be asked about this new phenomenon.
Tarek Mansour, Dustin Gouker, Oriol Saguillo, Jack Such, and Professors Robin Hanson, and Ilya Beylin, for sharing their time and expertise in our research conversations to help us understand the rapidly evolving world of prediction markets.
Jesterthegoose and Steve Farmer for helping us understand the strategies on the platform.
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References:
Akey, P., Gregoire, V., Harvie, N., & Martineau, C. (2026). Who wins and who loses in prediction markets? Evidence from Polymarket (No. 6443103). SSRN. in49.s.gy/pmAkey
Gomez Cram, R., Guo, Y., Jensen, T. I., & Kung, H. (2026). Prediction market accuracy: Crowd wisdom or informed minority? (No. 6617059). SSRN. in49.s.gy/pmGomezCram
Gregoire, V. (2026). Polymarket users [Dataset]. In Who Wins and Who Loses In Prediction Markets? Evidence from Polymarket. (Version v1.3). in49.s.gy/pmGregoireData (in49.s.gy/pmGregoirePaper)
The rest here:
Additional References - https://in49.s.gy/AdditionalReferences
Visual References - https://in49.s.gy/VisualReferences
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Writer, Producer & Director: Lucas Kavanagh
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