• Prediction market firms could be making $10 billion in yearly revenue by 2030, Citizens Bank says The bank said rising volumes, tighter market structure and early institutional engagement are pushing prediction markets beyond their gambling roots toward a new asset class. • What to know: Citizens estimates prediction markets are now running above a $3 billion annual revenue rate, with a path to $10 billion by 2030. • January volumes rose more than 40% from December, with February tracking at similar levels despite post-football season expectations for a slowdown. • The bank said institutions are beginning to engage as data consumers and liquidity providers, laying groundwork for broader adoption. • Growth in prediction markets is surging as traders seek more precise ways to price and hedge discrete events, from elections to rate decisions, without relying on blunt proxy trades. • Prediction markets are running at an annualized revenue rate above $3 billion, up from about $2 billion in December, and could reach $10 billion by 2030, according to a Monday report by U.S.

Article Summaries:

  • Citizens Bank estimates that prediction‑market firms are currently generating more than $3 billion in annual revenue and could reach $10 billion by 2030. The bank cites a 40 % jump in January volumes from December, with February maintaining similar levels despite expectations of a post‑football slowdown. Analysts say the growth is driven by tighter market structure, rising liquidity, and early institutional engagement as data consumers and liquidity providers. Prediction markets are moving beyond niche betting toward a broader asset class, offering traders precise tools to price and hedge discrete events such as elections, rate decisions, and corporate actions.

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