More traditional financial (TradFi) firms will enter the $44 billion prediction market sector in the months ahead, say industry insiders.
Traditional financial firms have started exploring the prediction market sector, with the $26 billion options trading giant Cboe introducing the Cboe Predicts platform at the end of June. This platform provides binary outcome contracts on market movements, signaling the industry's increasing interest in prediction markets.
According to experts, more TradFi firms are expected to follow suit and venture into the prediction market industry in the near future, further expanding the sector's reach and competition.
