Polymarket Trader Loses $2M Despite Winning Bets

The post Polymarket Trader Loses $2M Despite Winning Bets appeared first on Coinpedia Fintech News

A Polymarket trader known as “beachboy4” lost more than $2.07 million in just 35 days, even with a 51% win rate across 53 prediction trades. The losses stemmed from huge average bets of about $400,000, frequent high-priced entries, and no stop‑loss or hedging strategies, causing many losing positions to go to zero. His biggest single loss hit $1.58 million, outweighing his largest win of around $936,000. This case highlights how high risk and poor strategy can wipe out profits in prediction markets.