In accordance with Blockworks, prediction markets have surged to new highs with weekly trading volumes reaching $3.68 billion, surpassing last year’s election peak by 2.4x. Neutrl, a synthetic dollar protocol built on OTC arbitrage and market-neutral strategies, has achieved an effective APY of 16.58% as of its first epoch. The protocol’s NUSD product, which captures yield from discounted locked tokens and delta-neutral strategies, attracted $125 million in deposits after removing initial caps. Prediction market platforms like Polymarket and Kalshi are also experiencing rapid growth, with Polymarket in early talks for a $12–15 billion valuation and Kalshi valued at $11 billion following a $1 billion funding round.
Prediction Markets Hit $3.68B Weekly Volume as Neutrl Unlocks 16.58% APY
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