Prediction markets will see five-fold growth by 2030: analysts

Analysts at Citizens Financial Group predict that prediction markets will grow five-fold to over US$10 billion by 2030. Companies like Kalshi and Polymarket are experiencing increased trading volumes. Robinhood Markets' trading on Kalshi contracts is rapidly scaling, contributing significantly to its revenue. The growth is driven by hedge funds and others betting on economic events. Prediction markets offer precise risk hedging and are expected to become integral in institutional workflows. Despite regulatory challenges, the industry is poised for significant expansion, with major financial exchanges investing heavily.