Citizens: From niche to $3 billion run rate: prediction markets eye $10 billion future, Citizens says

The bank said rising volumes, tighter market structure and early institutional engagement are pushing prediction markets beyond their gambling roots toward a new asset class. What to know : Citizens estimates prediction markets are now running above a $3 billion annual revenue rate, with a path to $10 billion by 2030. January volumes rose more than 40% from December, with February tracking at similar levels despite post-football season expectations for a slowdown. The bank said institutions are beginning to engage as data consumers and liquidity providers, laying groundwork for broader adoption.(Coindesk)