Bernstein forecasts $10 trillion prediction market volume by 2035

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Bernstein forecasts global prediction market volume will reach $10 trillion annually by 2035. Financial assets are expected to be the main driver of this growth, surpassing sports-related markets.

Key facts

• Bernstein projects global prediction market volume could reach $10 trillion annually by 2035.
• Financial assets are anticipated to be the primary driver of this growth.
• Financial assets are expected to overtake sports-related prediction markets.
• The shift indicates a growing emphasis on financial instruments and outcomes in prediction markets.
• Prediction markets are seen as having growing utility for aggregating information and gauging future probabilities in financial contexts.