Prediction markets are evolving into a $240 billion industry driven primarily by retail users trading more frequently across crypto and politics, according to a new report from Bitget and Polymarket. The report indicates that prediction markets are shedding their “casino” reputation and becoming a mainstream tool for tracking and engaging with news-related events.
Industry Growth and Retail Participation
Retail users have become the primary force behind prediction market expansion, with increased trading activity across diverse asset classes and event categories. The growth reflects a broader shift in how users engage with speculative markets, moving beyond traditional finance into emerging sectors like cryptocurrency and real-world event outcomes.
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