Who wins on prediction markets? High-frequency traders.
We examined 1.6 million Polymarket wallets and found that the top 0.1% highest-frequency traders are by far the most likely to turn a profit.
One of those traders is Jonathan Stall-Ryan (pictured), whose firm of around a dozen college students turned $1,000 into seven figures. They're one of the top crypto traders on Kalshi and make tens of thousands of trades a day.