World Cup drives US$20B prediction market volume

• The FIFA Club World Cup generated more than US$20 billion in prediction market trading volume, according to Chainalysis.
• The event showed growing demand for blockchain-based prediction markets tied to major sporting events.
• Chainalysis said prediction markets could attract more users as regulated platforms continue to expand.

Chainalysis said the FIFA Club World Cup generated more than US$20 billion in prediction market trading volume across blockchain platforms.

The total was one of the largest recorded for a single sporting event, reflecting higher participation than in previous tournaments.

Chainalysis said prediction markets let users trade on the outcome of real-world events using blockchain technology and digital assets.

The company said prediction market activity could continue growing as more platforms launch regulated products and attract new users.

Prediction markets have expanded beyond sports to include elections, economic data and other major global events.

Regulators in several countries continue to review prediction markets as the sector grows alongside the wider digital asset industry.