Polymarket traders lost over $2 million in 35 days

According to monitoring by lookonchain, a trader named "beachboy4" on Polymarket lost over $2 million within 35 days. Data shows that this account participated in 53 prediction trades, with a win rate of approximately 51%. The largest single profit was about $936,000, while the largest single loss reached $1.58 million, and the average bet per trade was around $400,000. Analysis indicates that this account misunderstood Polymarket's pricing logic, treating it as a binary sports betting market, which led to repeatedly buying at high price ranges and creating a capped profit and full-loss risk structure. In addition, the account frequently placed heavy bets on popular events without setting stop-loss or hedging strategies, ultimately resulting in structural losses.