Prediction market volume drops 12% in February, opinion data plummets

ChainCatcher report: The total trading volume of prediction markets in February reached $23.4 billion, a decline of approximately 12% from January’s record high of $27.1 billion, ending a five-month upward streak and marking the first monthly decline since August 2025. The downturn was primarily driven by the BNB Chain platform Opinion, whose trading volume plummeted from over $10 billion to $3.1 billion. Notably, the authenticity of Opinion’s data has previously been questioned by external observers. Meanwhile, platforms showed divergent performance: Kalshi’s trading volume rose to a record high of $9.8 billion, further solidifying its position as the industry leader, while Polymarket saw a modest increase from $7.7 billion to $7.9 billion. Prediction markets have evolved in recent years from niche tools into mainstream financial applications, widely used to forecast events such as elections and economic indicators.