How A Trader Lost $2 Million on Polymarket: 5 Mistakes You Need to Stop Making

A trader has lost more than $2 million on Polymarket in just over a month, with a single position accounting for nearly 79% of the total loss. As prediction markets gain traction across the crypto sector, more traders are shifting toward outcome-based platforms in search of new opportunities. However, this growing trend also raises concerns about whether participants fully understand the distinct risks associated with betting on real-world events, as opposed to price movements. How a 51% Win Rate Still Led to Massive Losses In a detailed thread on X (formerly Twitter), blockchain analytics platform Lookonchain highlighted a trader, beachboy4, whose losses on Polymarket exceed $2 million source: https://beincrypto.com/polymarket-trader-loss-risk-management/