Prediction Markets Boom Despite Regulatory Pushback

[cryptobro]

Daily trading volume on prediction markets since September 2024. Source: Dune Analytics

Despite mounting criticism, prediction markets continue to grow at a rapid pace. Platforms like Kalshi and Polymarket have seen surging interest, with total daily trading volume reaching a record $701.7 million this week. Kalshi alone accounted for roughly two-thirds of that activity.

At the same time, regulators in states including New York, Nevada, New Jersey, and Connecticut have moved to restrict or block sports-related prediction markets. The clash between explosive growth and regulatory resistance suggests that the future of sports prediction markets will likely be decided through legal and policy battles rather than market demand alone.

[JanEmil]

People like to gamble even they statistically loss

[mendez]

feels like classic “too big before rules exist” situation