Bernstein projected in a report that prediction market trading volume will reach $1 trillion by 2030. According to Decrypt, Bernstein stated, "Currently, trading is heavily skewed towards sports betting, but the market is expected to be reorganized around economic, political, and business events with the future expansion of institutional investor participation. The proportion of sports-related contracts is expected to shrink from approximately 62% currently to 31% by 2030. Instead, there is a high possibility that companies and insurers will utilize prediction markets as a means to hedge policy and political risks," it diagnosed.
