Bernstein sees annual prediction market volumes hitting $10 trillion by 2035 as financial assets overtake sports
- Published
Bernstein now projects global prediction market volume will reach $10 trillion a year by 2035. The new outlook is much higher than its earlier $1 trillion-by-2030 forecast from five months ago, and it links the larger market to expanding financial assets.
Key claims & sources
What it means
Prediction market participants and firms that track this sector now have a much larger long-range volume estimate to consider in planning and comparisons. The revised figure also puts the market in a frame where financial assets matter more than sports, which changes how observers may describe the category today. (per theblock.co)
In practice, the headline change is the forecast itself: a $1 trillion annual view for 2030 has been replaced by a $10 trillion annual view for 2035. What stays the same is that this is still a projection, not a realized market size, so the current state of the market remains unchanged by the estimate itself.
Market reaction i
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Coverage timeline
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Where this sits in the JUST series
| When | What happened | Figure |
|---|---|---|
| today | JST at $0.1443 high | today it sits -1.7% from there |
| 2 months ago | JST at $0.1122 low | today it sits +26.3% from there |
From what we have stored, starting 2 months ago.