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Wagering volume on prediction markets surpasses $23 billion, according to Dune Analytics., 2026/03/30 09:25:08
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The volume of bets on cryptocurrency prediction markets reached $23.9 billion in March, compared to $1.9 billion a year earlier, according to data from Dune Analytics.
As indicated by the provided charts, users executed over 191 million transactions in the month, reflecting an increase of 2838% compared to March of the previous year.
Analysts at TRM Labs attribute the growth to market development and external factors.
“Prediction markets are evolving due to easier access, improved regulatory environments, and integration with major platforms. They are becoming indicators of geopolitical and macroeconomic events. The majority of trading volume is linked to U.S. policy and macroeconomics, while the share related to cryptocurrency topics remains limited,” the company noted.
Currently, the record for transaction volume has not been surpassed: in January, the figure reached $26.7 billion. Analysts anticipate further growth in the segment but point out ongoing risks, including market integrity issues and platform vulnerabilities to manipulation.
Previously, Ethereum co-founder Vitalik Buterin urged viewing prediction markets as a risk hedging tool.
