New Record: Prediction Markets Up 55% in October, $4.13B in Daily Trading

Prediction markets recorded their strongest month on record in October, as the return of college football and the NFL helped drive a sharp increase in trading activity. Whopping 55% YoT Rise Average daily volume (ADV) across yes-or-no exchanges climbed 55% month over month to $4.13 billion, according to a report by Jefferies analyst Daniel Fannon . Open interest also reached a new high, rising 45% from September to $3.27 billion. The figures point to growing activity across the sector, although much of the market remains concentrated among its largest operators.