Prediction Markets Hit All-Time Highs

Prediction markets are setting fresh ￰0￱ week, daily trading volumes on major prediction‑market platforms surpassed $2 billion, according to Dune ￰1￱ trading volumes and user numbers are rising, reflecting accelerating interest in crypto betting, web3 sports betting, and bitcoin betting on smart contract-based prediction ￰2￱ markets and betting platforms aggregate collective knowledge, being often more accurate than traditional polls or expert ￰3￱ noted by Alex Tabarrok , professor of economics at George Mason University, on the a16z crypto podcast: “They tend to be better than complicated statistical models… They tend to be better than polls, or at least as ￰4￱ there’s one reason for that: in making bets on the prediction market, I push the prediction market closer to the truth!” Web3 infrastructure enhances this trend by tokenizing events themselves, making them tradable on decentralized betting platforms and bitcoin ￰5￱ can engage in online betting with cryptocurrency, esport betting, or sport betting, often without intermediaries, creating decentralized sports betting ecosystems with global ￰6￱ most popular topics remain politics and ￰7￱ week, political markets recorded $322.6 million in trading volume, while sports markets reached $414.7 million.

“Sports and politics are the most emotionally charged ￰8￱ care deeply about their teams and elections as if they were personal, and they want to test how accurate their intuition ￰9￱ are constant news‑makers, with clear outcomes — victory or defeat — making them perfect for betting and prediction markets,” says Vladislav Petkevich, UBO of Dexsport , an esport crypto betting ￰10￱ and reduced barriers to entry are key ￰11￱ like Polymarket and other crypto bookmakers remove ￰12￱ operates on blockchain smart ￰13￱ can bet anonymously and globally, bypassing banks, brokers, or ￰14￱ opens markets to users in regions where traditional betting or financial systems are ￰15￱ reports project strong growth for prediction crypto ￰16￱ decentralized prediction markets industry could expand from roughly $1.4 billion in 2024 to $95.5 billion by 2035, a compound annual growth rate (CAGR) of ~46.8%.

Disclaimer: This article is provided for informational purposes ￰17￱ is not offered or intended to be used as legal, tax, investment, financial, or other advice.