PANews reported on January 13th that, according to Lookonchain statistics, a Polymarket trader made 53 sports-related prediction trades in the past eight days. Despite a win rate of 47.2%, the trader still lost a staggering $2.36 million due to high leverage and a lack of risk management. Most of the bets ranged from $200,000 to $1 million, with almost no hedging. Losing trades wiped out all profits, meaning a few mistakes could easily wipe out all gains.