Looking at prediction market participation through the lens of on-chain data reveals a sobering reality about wealth concentration.

Across roughly 1.7 million trading wallets, the numbers paint a stark picture:
• 70% of participants end up as net losers
• Only 30% ever book actual profits

The distribution gets even more extreme when you dig into who's actually winning. Less than 0.04% of wallets—essentially a handful of addresses—are capturing over 70% of all profits generated across the entire ecosystem.

What this really shows is how prediction markets, despite their open nature, funnel most gains to a tiny fraction of sophisticated traders while the majority absorb losses. It's a reminder that early-mover advantage, capital, and trading experience create massive friction for casual participants trying to make money in these venues.