According to an announcement by a16z crypto, the weekly trading volume of prediction markets has exceeded $10.8 billion for the first time ever. Various global events such as SpaceX's IPO, the US-Iran peace agreement, NBA Finals, and the World Cup were found to have driven the trading volume. In response, a16z crypto explained, "Just a year ago, weekly trading volume was around $500 million, and even during active market periods, it was below $1 billion. However, trading volume began to steadily increase from last autumn and has maintained stability in the $6-7 billion range this spring. Even in a 'low-volatility week' like the present, the market size significantly surpasses its peak level from a year ago, indicating a structurally sustained increase in liquidity and participation in prediction markets."
