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In February, the prediction market sector recorded a drop in monthly trading volumes after five straight months of gains, as activity on BNB Chain-based Opinion Labs fell sharply to $3.1 billion from over $10 billion.
According to data from Artemis, prediction markets processed $23.4 billion of trades in February, down roughly 12% from January’s record $27.1 billion.
Kalshi solidified its lead, with its February trading volume reaching an all-time high of $9.8 billion.
Meanwhile, Polymarket volumes grew slightly to $7.9 billion in February compared to $7.7 billion in January.
Prediction markets have evolved from a niche sector to a mainstream financial tool, utilized for forecasting events such as elections and economic indicators.
It should be noted that concerns remain about Opinion Labs' data integrity. This underscores the importance of transparency in the rapidly expanding prediction market space.
Also today, Kalshi announced a collaboration with Bezel, a luxury watch marketplace. Recent research also suggests that Kalshi's markets have outperformed traditional Wall Street surveys, further establishing its authority in the field.
This article was generated with the assistance of AI workflows.
cointelegraph.com
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coindesk.com