Prediction Markets Hit Record $113.8B Volume in Q2 2025
Prediction markets surged to an all-time high in Q2 even as broader crypto trading and stablecoin metrics pulled back.
Prediction markets defied a broader crypto downturn to post record notional volume of $113.8 billion in the second quarter, according to new data from CoinGecko, marking a striking divergence from the rest of the digital-asset landscape.
The milestone came as other key crypto metrics moved in the opposite direction. Spot trading on centralized exchanges fell during the same period, derivatives volume contracted, and stablecoin market capitalization also declined — underscoring how prediction markets have carved out a resilient niche even when speculative appetite elsewhere wanes.
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The surge reflects growing mainstream interest in event-based trading, where participants wager on real-world outcomes ranging from election results to economic data releases. Unlike traditional crypto trading, prediction markets draw users whose primary motivation is forecasting rather than pure price speculation, which may help insulate them from the sentiment swings that rattle spot and derivatives desks.
The Q2 record represents a notable acceleration for a segment that had already gained significant attention during the 2024 U.S. presidential election cycle, when political betting drove substantial volume to platforms in the space. That momentum appears to have carried forward and broadened beyond politics into other categories of real-world events.
Analysts watching the sector will likely debate whether prediction market volumes can sustain these levels without a major catalyst comparable to a national election — or whether the infrastructure and user base now in place is sufficient to keep activity elevated. Continue reading at Cointelegraph.
