Prediction market txs surge on geopolitical bets, media coverage

Monthly notional trading volume for prediction markets has reached roughly $23.7 billion so far in March, up sharply from $1.9 billion at the same time last year.

Prediction market transactions have hit record highs in March, amid growing interest in political and geopolitical event contracts, improved accessibility and positive regulatory developments for the industry.

According to prediction markets data tracked by Dune, the number of transactions for March is over 191 million so far, which is already a 2,838% increase compared to the same time last year. 

Blockchain intelligence firm TRM Labs said in a report on Friday that the sector has grown significantly with Google Finance and mainstream media coverage of live odds. 

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