Odaily Planet Daily reports that Citizens Bank in the United States recently released a new report indicating that prediction markets are rapidly growing. The current annual revenue in the industry has exceeded $3 billion and is expected to reach $10 billion by 2030, becoming an emerging asset class.
The report shows that trading volume in prediction markets continues to rise. In January, market transaction volume increased by over 40% compared to December, and February maintained similar levels despite the typical decline after the end of the traditional sports season. Analysts believe this trend reflects the shift of prediction markets from niche betting tools to mature financial markets.
Citizens Bank believes that the key factors driving industry growth include increasing trading volume, improved market structure, and initial participation by institutional investors. Some institutions have already begun entering the market as data users and liquidity providers, laying the foundation for broader institutional adoption.
Prediction markets allow traders to price and hedge risks related to discrete events such as election outcomes, interest rate decisions, or merger approvals. Compared to proxy tools like index futures or options, they can reduce basis risk and provide real-time probability signals.
Analysts point out that the development path of prediction markets is similar to early derivatives markets and the digital asset industry, gradually transitioning from retail-led liquidity to market makers and institutional participation. Currently, representative platforms include the regulated event contract exchange Kalshi and the decentralized prediction market Polymarket. The industry as a whole is gradually moving toward mainstream finance.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Polymarket bets on Iran war event, exposing the limitations of prediction markets in Wall Street applications
The prediction market platform Polymarket has shown limitations in trading related to the Iran situation. Despite an increase in trading volume, it failed to demonstrate its ability to hedge geopolitical risks and instead became a cautionary example, highlighting its lack of signals for institutional investors.
GateNews5h ago
Polymarket prediction market account profits of 285% in two weeks through 3 GPT-5.4 bets
Gate News reports that on March 6, according to PolyBeats monitoring, the "OpenAI will release GPT-5.4 before March 5" market on the prediction market platform Polymarket, which was previously tracked for 5 suspected insider accounts buying in, has now been settled. Among them, the account with the address 0x169527179bbc4bd99288585fc39eb0e117bf2842 profited 285% within two weeks by placing three consecutive bets on the release date of GPT series models.
GateNews9h ago
A newly created wallet address has invested $50,000 in bets on the Strait of Hormuz situation and has already lost 36%.
Gate News Report, March 6 — According to Lookonchain monitoring, a new wallet address named "Idothisfromtimetotime" was created 3 hours ago and has wagered $50,000 betting that Iran will not close the Strait of Hormuz before March 31. Currently, this wallet has lost $18,000, with a loss rate of 36.15%.
GateNews9h ago
Polymarket Data: The probability of a certain CEX IPO in 2026 has dropped to 17%, with ICE investing at a $25 billion valuation yesterday.
Gate News Report, March 6 — According to data from the Polymarket website, the probability that "a certain CEX will go public in 2026" has declined from a high of 57% in early January to 17% currently, with a trading volume exceeding $400,000. Previously, on March 5, the parent company of the New York Stock Exchange, ICE, invested in the exchange with a valuation of $25 billion. ICE has not disclosed the specific investment amount or terms but emphasized a shared vision for the future between the two companies.
GateNews9h ago
Polymarket's prediction of the likelihood of Iran's Supreme Leader's succession has fallen back to 50%, with trading volume exceeding $5 million.
Gate News Report, March 6: According to data from the Polymarket website, the probability of "Iran's next Supreme Leader being Ayatollah Khamenei's son, Mojtaba Khamenei," rose to 82% at one point, currently falling back to 50%, with trading volume exceeding $5 million. Previously, Trump stated that he would not accept Khamenei's son taking over as Supreme Leader and that he would need to be personally involved in Iran's succession arrangements.
GateNews9h ago
Vitalik: Prediction markets help understand the world and the near future, hoping the project can optimize market conditions.
Gate News Announcement, March 6th, Ethereum founder Vitalik Buterin stated that prediction markets help us better understand the world and the near future. He hopes prediction market projects will focus more on optimizing this direction, especially by developing more conditional markets.
GateNews9h ago
