According to @lookonchain, two Polymarket sports-market traders repeatedly bought contracts at 48–57¢ and lost nearly $10M in less than a month, highlighting the risk of oversized positions near even odds, source: @lookonchain. Trader 0x4924 logged 346 predictions with a 46.24% win rate and a realized PnL of -$5.96M over 24 days, source: @lookonchain; source: polymarket.com/0x492442eab586f242b53bda933fd5de859c8a3782. User bossoskil1 made 65 predictions with a 41.54% win rate and -$4.04M PnL in 11 days, source: @lookonchain; source: polymarket.com/0xa5ea13a81d2b7e8e424b182bdc1db08e756bd96a. @lookonchain notes that ~50¢ pricing reflects coin-flip odds, so betting big accelerates drawdowns and produces negative expectancy when win rates stay below 50%, source: @lookonchain.