Asia Centric: Rise of the $300 Billion Prediction Market
Prediction markets are rapidly emerging as one of the fastest-growing asset classes in global finance. Driven by market leaders such as Kalshi and Polymarket, annual trading volume on real-world outcomes...
By Clara Chen · Bloomberg
Prediction markets are rapidly emerging as one of the fastest-growing asset classes in global finance. Driven by market leaders such as Kalshi and Polymarket, annual trading volume on real-world outcomes — from political elections to major sporting events — is projected to surge to $300 billion this year, with the potential to reach $1 trillion by 2030. But a high-stakes regulatory battle is looming: state gambling regulators argue these sports-heavy contracts constitute illegal gambling, while