CertiK predicts that the market will achieve a fourfold increase in transaction volume by 2025, reaching $63.5 billion, and the industry will face security and regulatory challenges According to the "2026 Skynet Forecast Market Report" released by CertiK, the forecast market is expected to grow fourfold to $63.5 billion in trading volume by 2025, with Kalshi, Polymarket, and Opinion becoming the dominant platforms. However, the growth in scale also brings new risks, including oracle vulnerabilities, administrator key abuse, and Web2.5 architecture issues. The report points out that the predicted market has been deemed a legal financial product by the CFTC in the United States, but is banned as unauthorized gambling in multiple EU countries. In addition, regulatory differences among states in the United States may further exacerbate compliance complexity. In December 2025, Polymarket's third-party authentication provider encountered a security incident that exposed a centralized point of failure for the hybrid Web2/Web3 architecture. The study also estimates that during the peak airdrop period, the manual trading volume of some platforms reaches 60%, seriously distorting liquidity indicators. CertiK predicts that the market will experience enhanced technological privacy and accelerated institutional adoption by 2026, but the platform needs to simultaneously address issues such as liquidity maintenance, security infrastructure construction, and sustainable revenue models to achieve long-term development.