🚨 Prediction Markets Hit Another All-Time High! 📈
Prediction market trading volume has reached a record $14.4 billion for the third consecutive week, according to a16z crypto.
📊 Key highlights: • Weekly trading volume surged from around $5–6B at the start of the year to $14.4B. • Open interest climbed to a new record of $1.6B, showing traders are opening more positions than they're closing. • Non-sports markets are booming, with macroeconomic and breaking news events driving massive participation. • Kalshi and Polymarket recorded $3.6B in non-sports trading last week alone—more than the entire prediction market across all categories generated last year.
The prediction market industry is growing at an incredible pace, with real-world events becoming a major driver of trading activity.
#PredictionMarkets #Crypto #Polymarket #Web3 #Blockchain
Prediction market trading volume has reached a record $14.4 billion for the third consecutive week, according to a16z crypto.
📊 Key highlights: • Weekly trading volume surged from around $5–6B at the start of the year to $14.4B. • Open interest climbed to a new record of $1.6B, showing traders are opening more positions than they're closing. • Non-sports markets are booming, with macroeconomic and breaking news events driving massive participation. • Kalshi and Polymarket recorded $3.6B in non-sports trading last week alone—more than the entire prediction market across all categories generated last year.
The prediction market industry is growing at an incredible pace, with real-world events becoming a major driver of trading activity.
#PredictionMarkets #Crypto #Polymarket #Web3 #Blockchain