Crypto Prediction Markets’ Weekly Volume Surpasses $10 Billion for First Time, Hits Record $10.8 Billion

Cryptocurrency-based prediction markets posted weekly trading volume of more than $10 billion for the first time.

Weekly prediction-market volume reached a record $10.8 billion last week, a16z Crypto said on June 20. Demand was concentrated around a series of major events, including a SpaceX initial public offering, a US-Iran agreement, the NBA Finals, the Stanley Cup Final and the opening of the 2026 FIFA World Cup.

Prediction markets have grown sharply since last year. Weekly trading volume was about $500 million a year ago, meaning activity has surged more than 20-fold over the past year.