Prediction Markets Hit Record $10.8 Billion in Weekly Volume, Driven by Global Events

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According to a16z crypto, prediction markets reached a record $10.8 billion in weekly volume this week, marking a historic milestone. The surge was driven by major global events including SpaceX IPO, the U.S.-Iran peace agreement, the NBA Finals, and the World Cup. The data shows significant structural growth, with weekly trading volume standing at just $500 million one year ago and stabilizing between $6 billion and $7 billion in recent months.
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