On-chain gambling maintains $14B quarterly volume despite crypto downturn

The on-chain gambling market is continuing to show strong growth despite the broader crypto market downturn, according to a report from blockchain analytics firm TRM Labs. The report found that on-chain gambling transaction volume reached $51 billion last year. In the first quarter of this year, the volume was $14 billion, nearly matching the all-time high of $15 billion set in the previous quarter. However, prediction market volume surpassed on-chain gambling for the first time during the same period, reaching $36.6 billion.