Odaily Planet Daily reports that Citizens Bank in the United States recently released a new report indicating that prediction markets are rapidly growing. The current annual revenue in the industry has exceeded $3 billion and is expected to reach $10 billion by 2030, becoming an emerging asset class.
The report shows that trading volume in prediction markets continues to rise. In January, market transaction volume increased by over 40% compared to December, and February maintained similar levels despite the typical decline after the end of the traditional sports season. Analysts believe this trend reflects the shift of prediction markets from niche betting tools to mature financial markets.
Citizens Bank believes that the key factors driving industry growth include increasing trading volume, improved market structure, and initial participation by institutional investors. Some institutions have already begun entering the market as data users and liquidity providers, laying the foundation for broader institutional adoption.
Prediction markets allow traders to price and hedge risks related to discrete events such as election outcomes, interest rate decisions, or merger approvals. Compared to proxy tools like index futures or options, they can reduce basis risk and provide real-time probability signals.
Analysts point out that the development path of prediction markets is similar to early derivatives markets and the digital asset industry, gradually transitioning from retail-led liquidity to market makers and institutional participation. Currently, representative platforms include the regulated event contract exchange Kalshi and the decentralized prediction market Polymarket. The industry as a whole is gradually moving toward mainstream finance.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
The U.S. President may be banned from betting on prediction markets, as the PREDICT Act has been officially introduced.
U.S. House Representatives introduce the "Preventing Real-time Exploitation and Deceptive Insider Trading Act" (PREDICT Act), aiming to ban the President, Vice President, and Congress members from betting on political events in prediction markets to prevent insider trading issues. The bill imposes fines on violators and requires the forfeiture of profits. Additionally, a legislative wave is accelerating, including actions in multiple states and other prohibition bills, reflecting public concerns about prediction markets.
MarketWhisper1h ago
The U.S. plans to ban officials from participating in prediction market trading, as insider trading risks prompt regulatory upgrades.
U.S. lawmakers have introduced the PREDICT Act, which prohibits the President and senior officials from participating in prediction market trading, aiming to combat insider trading for profit. Violators will face fines and forfeiture of profits. At the same time, regulatory agencies are tightening their scrutiny of prediction markets, and several states have filed lawsuits against related platforms, resulting in stricter compliance requirements for the industry.
GateNews2h ago
Hey Anon Announces Launch of “Pandora” Prediction Market on Ethereum
Hey Anon launches Pandora, a decentralized AI-driven prediction market on Ethereum, empowering users to create transparent markets without central control. The platform features unique AI consensus mechanisms and aims to innovate the prediction market landscape.
CoinDesk4h ago
Polymarket Insiders Place Big Bets on U.S.-Iran Ceasefire Deal
A group of popular wallets on Polymarket, suspected of insider activity, is betting on a US-Iran ceasefire by March 31. This coincides with Trump's claims of effective talks with Iran, which Tehran rejects. On-chain data indicates these wallets previously profited from significant bets around US-Iran tensions.
TapChiBitcoin5h ago
Polymarket "Clarity Act Signs into Law by 2026" probability report 54%, down 11% in 24 hours
On March 26, due to disagreements within the industry over a compromise proposal on the Clarity Act stablecoin yield provision, Polymarket's probability of it becoming law dropped to 54%. A certain CEX expressed dissatisfaction with the compromise text, industry opinions remain divided, and the stock prices of stablecoin issuers have fallen as a result. White House advisors indicated they will address this matter, with the final text expected to be released by the end of this week.
GateNews5h ago
