Prediction markets could hit a trillion dollars in trading volume by the end of this decade, new report says
Sports is fueling the growth in prediction markets and is forecasted to make up 44% of volume as the industry matures, according to new research.
TL;DR
- Prediction markets could reach $1 trillion in annual trading volume by 2030.
- Sports are expected to represent 44% of the long-run volume for prediction markets.
- Traditional sportsbooks (DraftKings, FanDuel) are launching prediction platforms.
- Companies like Robinhood, Fanatics, and Crypto.com are already active in the prediction market space.
- The prediction market sector is transitioning from speculation to a more mature component of capital markets.
- There is a trend towards the convergence of investing and gambling.