Prediction market volume tops $25 billion monthly as retail activity dominates, crypto drives onboarding: report
Prediction markets saw over $25 billion in volume in March, driven by retail traders, with crypto serving as the main onboarding channel.Summary
Prediction market volume reached $25.7 billion in March, a 10.6% increase from February, with the majority of users trading under $10,000. A report by Bitget Wallet, in collaboration with Polymarket, analyzed 1.29 million wallets and found that 82.3% of users traded less than $10,000, indicating growth concentrated among retail users. Crypto markets are the primary entry point, accounting for 39.6% of micro-user activity, with Bitcoin event contracts leading in participation and volume. While crypto facilitates initial engagement due to familiar dynamics and low thresholds, sustained user activity shifts towards markets tied to recurring real-world events like sports and politics, which saw the highest volumes in the first quarter.
(Source：The Block)