BlockBeats news: On January 14, prediction market trading volume hit a new all-time high for a single day, reaching approximately $701.7 million. Kalshi accounted for about two-thirds of the total volume, with $465.9 million, while Polymarket and Opinion each saw around $100 million in trading. The volume increase was mainly driven by the National Football League (NFL) playoffs, with Polymarket's sports category making up about 55% of all prediction activities on the platform.
Starting from August 2024, the adoption of prediction markets has experienced exponential growth, becoming one of the hottest use cases in the crypto space. Multiple mainstream crypto platforms are integrating prediction market features, with exchanges like Coinbase and Gemini either already connecting or planning to do so.