Bernstein Forecasts Annual Prediction Market Volume Will Top $10 Trillion by 2035. Here's What Crypto Investors Need to Know.
Prediction markets allow people to bet on just about anything.
Overview
Prediction markets have boomed during the past few years.
Platforms like Kalshi and Polymarket let anyone bet on just about anything. People can bet on whether the Federal Reserve will raise interest rates, who will win an election, or even whether a celebrity will make an appearance at a big event.
Details
Prediction market trading volume is forecast to reach $410 billion this year, but this is just the beginning, according to a team led by Bernstein analyst Gautam Chhugani, who estimates that prediction market volume could top $10 trillion by 2035.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.