Summary
- Global prediction market monthly trading volume rose 10.6%% from the previous month to about $25.7 billion.
- Trading volume for Bitcoin-related contracts in prediction markets reached $2.42 billion, while Ethereum totaled $1.19 billion and Solana came to $420 million.
- Polymarket and Bitget Wallet said cryptocurrencies are being used as a key gateway into prediction markets, with four out of 10 small-scale users betting on crypto-related contracts.
Forecast Trend Report by Period
Global prediction market platforms handled nearly $26 billion in monthly trading volume last month.
The Block reported on April 29 that Polymarket and Bitget Wallet, citing a report released the same day, estimated global prediction market trading volume at about $25.7 billion in March. That was up 10.6% from the previous month. The Block said the figures were compiled from data on 1.29 million wallets tracked during the first quarter.
Trading volume for Bitcoin-related contracts in prediction markets reached $2.42 billion in the first quarter. Ethereum-related contracts totaled $1.19 billion, while Solana-related contracts came to $420 million.
Polymarket and Bitget Wallet also said cryptocurrencies are serving as a key gateway into prediction markets. According to the report, four out of 10 small-scale users in prediction markets placed bets on crypto-related contracts.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
