Prediction Markets Hit $366B in Q1 2026, Surpassing On-Chain Gambling's $140B

According to TRM Labs, prediction market trading volume reached $366 billion in Q1 2026, surpassing on-chain gambling's $140 billion for the first time. On-chain gambling recorded $510 billion in full-year 2025 trading volume.

User structure analysis shows high rollers account for only 6.3% of personal wallet count but contribute 91.8% of trading volume, while retail bettors expanded significantly, with monthly trading volume growing from $17 million in January 2022 to $188 million in March 2026.

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