a16z crypto: Weekly trading volume in prediction markets hits all-time high driven by synergy of multiple events including the World Cup

Jinse Finance reported that on June 20, a16z crypto disclosed data showing that the weekly trading volume in prediction markets reached $10.8 billion for the first time, setting a new all-time high. This record-breaking growth was driven by the convergence of multiple global events, including the SpaceX IPO, the US-Iran peace agreement, the NBA Finals, and the World Cup. a16z crypto pointed out that the scale of prediction markets has expanded rapidly over the past year; a year ago, weekly trading volumes were around $500 million, and even during periods of high activity, volumes rarely exceeded $1 billion. Since last autumn, trading volumes have steadily increased, stabilizing between $6 billion and $7 billion this spring. Even during the current “low-volatility weeks,” the market scale has significantly surpassed last year’s peak levels, indicating that liquidity and participation in the prediction markets are continuing to structurally rise.