The explosion in the prediction market has been incredible, skyrocketing from 500 million to 10.8 billion. Major events like SpaceX's IPO and the World Cup are definitely catalysts. It feels like on-chain betting is turning into a true information pricing machine.

CoinWorld reports that, according to data from a16z crypto, driven by multiple global events including the SpaceX IPO, a peace agreement between the United States and Iran, the NBA Finals, and the World Cup, the predicted market’s weekly trading volume is expected to reach $10.8 billion, setting a new all-time high. The size of the prediction market has grown rapidly over the past year. One year ago, weekly trading volume was about $5 billion. Even during periods when the market was active, weekly trading volume remained below $10 billion. Since last autumn, trading volume has risen, and this spring it has stabilized in the $6 billion to $7 billion range. The current market size is now above last year’s peak level.