Prediction markets to hit $1 trillion by 2030

Bernstein analysts predict the prediction market sector could achieve an astonishing $1 trillion in annual volume by the year 2030, identifying sports as a key initial entry point for this growth. The research firm sees significant potential for companies like Robinhood, projecting "asymmetric upside" due to their involvement in this burgeoning market. With a $130 price target set for Robinhood, Bernstein's outlook highlights a strong conviction in the rapid expansion and profitability of prediction markets, suggesting a major shift in how individuals engage with and speculate on future events.