Prediction markets to reach $1 trillion by 2030

Bernstein predicts a significant surge in prediction market volumes, forecasting a $1 trillion milestone by 2030. This growth is driven by the industry's evolution from niche betting to a broader 'information market.' These platforms are expected to encompass a wider range of topics, including sports, cryptocurrency, politics, and economic events. This expansion suggests a growing acceptance and integration of prediction markets into mainstream financial and informational ecosystems, reflecting a shift in how individuals and institutions engage with forecasting and risk assessment.