According to data from a16z crypto, the trading volume in the prediction market reached a record high of $14.4 billion last week, marking the third consecutive week of all-time highs. Open interest surged to $1.6 billion, also reaching a new high for three weeks in a row, indicating that the rate of opening positions is increasing faster than closing positions and the level of capital risk is expanding. The non-sports market drove significant growth, with the total trading volume on Kalshi and Polymarket reaching $3.6 billion in macroeconomic and event-based categories.