Jefferies: Prediction Market Daily Volume Surges 80% in June, Sports Accounts for 89%

With a big assist from sports event contracts, average daily volume (ADV) across the prediction market industry swelled 80% on a month-over-month (m/m) basis in June, reaching $1.7 billion, according to latest Jefferies data. In a new report to clients, Jefferies analyst Daniel Fannon points out that Kalshi, the largest yes/no exchange operator, outpaced the industry.

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