Prediction markets’ daily trading volume tops $814 million, a record high

JH Kim

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.

Forecast Trend Report by Period

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.”