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a16z crypto stated that last week, the weekly trading volume of prediction markets reached $14.4 billion for the first time, marking the third consecutive week of record highs. This represents more than double the volume of around $5 billion to $6 billion at the beginning of the year, and over 10 times the volume from a year ago. At the same time, Open Interest rose to $1.6 billion, also setting a new record for the third straight week, an increase of about 8 times compared to last fall. The non-sports categories (politics, economics, geopolitics, etc.) on Kalshi and Polymarket saw trading volume of $3.6 billion last week, surpassing the total trading volume of all prediction markets (including sports) last year.