TechFlow news, on January 5th, according to Lookonchain monitoring, trader "beachboy4" lost over $2 million on the prediction market Polymarket within 35 days.
Data shows that the trader made 53 predictions with a win rate of 51%. The largest single profit was $935,800, while the largest single loss was $1.58 million, with an average bet of approximately $400,000 per wager. The biggest loss came from a prediction on Liverpool winning, resulting in a $1.58 million loss after buying the "yes" option at $0.66.
Analysis indicates that the trader frequently placed large single bets on efficient markets with publicly available information, such as NBA games and football matches, without implementing risk management measures like early exits, partial profit-taking, or stop-losses.
