Prediction markets are platforms where users trade contracts on the outcome of future events. Prices reflect the market's implied probability of those events occurring.
The growth of prediction markets has accelerated in recent times due to improved accessibility, regulatory developments, and integration with mainstream platforms. They are increasingly used as real-time indicators of geopolitical and macroeconomic events.
Geopolitical events, US politics, and macroeconomic decisions account for the majority of trading volume. Crypto-native topics, while prevalent, now represent a smaller share of overall activity.