Polymarket's profit distribution reveals a stark wealth disparity, with 95% of profits earned by just 1.2% of users, and 86% concentrated among 0.2%. Despite a 0.01% fee on U.S. markets and a new 3% fee for 15-minute crypto markets, Polymarket remains in a money-burning phase, relying on financing and compliance advantages.
In other news, the arrest of Venezuelan President Nicolás Maduro, a known cryptocurrency advocate, has not impacted Bitcoin's performance. Bitcoin has risen over 5% in January, surpassing its historical average. Meanwhile, meme coins like PEPE, BONK, and FARTCOIN have surged, signaling renewed investor risk appetite.
Polymarket Profit Distribution Highlights Wealth Disparity; Meme Coins Surge
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