Explainer: What are prediction markets?

Explainer: What are prediction markets?

Read: 4 min Prediction markets are taking the world by storm. These online betting platforms allow users to trade “yes-or-no” contracts tied to whether a specific event will occur by a certain date.  The growth of the industry has been nothing short of explosive. Monthly trade volumes in November 2025 exceeded $13 billion, up from $100 million in early 2024. Already this year, markets have broken new weekly records.   American behemoths Polymark…