Prediction Market Volume Hits Record $55.5 Billion in July as Trades Climb to 383.9 Million

The prediction market sector has been on the ascendancy since the start of the year and last month in June was the first month where we saw a steep acceleration in trading volumes and the total number of trades. Artemis data shows that prediction markets have set yet another monthly high this month with volume across the sector reaching $55.5 billion, up from 52.8 billion in June. In terms of trades, this month has seen 383.9 million against 332.2 million a month earlier. Back-to-back all-time highs on volume and activity, in the same month the World Cup knockout fixtures and the finals were played. 

Source: Artemis

The tournament and specifically the knockout format through July fit the product almost too neatly. Every knockout fixture was a short-dated binary that settled within hours of the whistle. No open-ended questions about rate decisions or election outcomes months away. A team advances or it doesn’t. Short, binary and very quick to settle, a perfect structure that drew in millions of traders.

… Continue reading the full article at the original source below.