Prediction Market Trading Volume Hits Record $123 Billion in October

Prediction market trading volume reached $123 billion in October, a record monthly high, rising 57.5% from September and more than doubling from August. According to Odaily, sports markets accounted for $26 billion, cryptocurrency markets about $14 billion, and political markets more than $800 million; political market volume rose 43% month over month, mainly driven by the U.S. midterm elections on November 3.