Year in Prediction Markets: From Regulatory ‘Sinkhole’ to Multi-Billion Dollar Business – Decrypt

Dec 29, 2025 - 14:15
Year in Prediction Markets: From Regulatory ‘Sinkhole’ to Multi-Billion Dollar Business – Decrypt
In brief Prediction markets surged to over $2 billion in weekly volume across platforms like Polymarket and Kalshi after the CFTC shifted from hostile enforcement to hosting regulatory roundtables under Trump-era leadership. Mainstream adoption accelerated with CNN, CNBC, Google, NHL, and UFC signing deals while South Park lampooned the trend, signaling prediction markets had moved...

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