Prediction markets defy crypto downturn with record Q2 volume: CoinGecko
Cointelegraph 2026-07-16 13:05:09
Context: Prediction markets in the cryptocurrency space have achieved a significant milestone, reaching a record notional volume of $113.8 billion in the second quarter, despite a downturn in other areas of the crypto market. This growth in prediction markets stands in contrast to declines in spot CEX trading, derivatives volume, and stablecoin market capitalization. The surge in prediction markets highlights a diverging trend within the broader cryptocurrency market.
Key Facts
- Prediction markets reached a record $113.8 billion in notional volume in Q2, marking a significant milestone in the cryptocurrency space.
- The record notional volume in prediction markets contrasts with declines in other areas of the crypto market, including spot CEX trading and derivatives volume.