Bernstein forecasts prediction market volume to hit $1T by 2030

Bernstein forecasts that the trading volume of prediction markets will reach $1 trillion by 2030, Decrypt reported. The investment firm noted that while sports betting currently accounts for about 62% of trading, the market is expected to shift its focus to economic, political, and business events as institutional participation grows. Bernstein predicts that the share of sports-related contracts will fall to around 31% by 2030, with corporations and insurance companies increasingly using these markets to hedge against policy and political risks.