Prediction Markets Will See 5-Fold Growth by 2030, Citizens Says

Prediction markets companies are likely to see their revenues grow by a factor of five to more than $10 billion by 2030, according to analysts at Citizens Financial Group Inc.

Companies like Kalshi Inc. and Polymarket have recently seen soaring trading volumes on their event contracts, which offer a regulated way to bet on sports, politics and culture.

Devin Ryan and a team of analysts at Citizens estimate that the industry’s revenues are currently running at around $2 billion a year. They believe that at Robinhood Markets Inc., which offers trading on Kalshi contracts, it has been the fastest ...