Prediction Markets Hit $240B as Retail Traders Expand Beyond Crypto

Prediction Markets Growing into Mainstream News-Tracking Tool

Prediction markets have grown into a $240 billion industry, driven primarily by retail users trading more frequently on topics ranging from cryptocurrency to politics, according to a new report from Bitget and Polymarket. The sector is shedding its "casino" association and becoming an established mechanism for tracking news and events.

Market Composition and User Base

The expansion reflects a shift in how retail traders engage with prediction markets. Rather than treating them as speculative gambling platforms, users are increasingly employing these markets as tools to monitor and forecast real-world developments across multiple sectors.