Summary
- It reported that major prediction markets’ daily trading volume surpassed $814 million, setting a new all-time high.
- It reported that prediction market trading volume has risen for six consecutive months, with month-to-date volume estimated at about $10.5 billion.
- It reported that unless there is an exceptional market shock, there is a very high likelihood that prediction market trading volume will set a new monthly record this month.
According to The Block, a cryptocurrency-focused media outlet, major prediction markets’ daily trading volume surpassed $814 million on the 20th (local time), setting a new all-time high.
With this record, prediction market trading volume has extended its streak of gains to six consecutive months. Month-to-date volume is estimated at about $10.5 billion, close to the $11.5 billion monthly total recorded in December last year.
The outlet added that “unless an exceptional market shock occurs, there is a very high likelihood that prediction market trading volume will set a new monthly record this month.”
