World Cup bets smash records as prediction markets hit $20 billion in volume
CoinDesk·
60-second summary
Prediction markets are shattering records with World Cup bets reaching $20 billion in volume, as enthusiasts wager on everything from the tournament winner to Cristiano Ronaldo's emotional response to Portugal's elimination, with his tears indeed being a reality, fueling a surge in engagement and revenue for the prediction market industry, expected to continue growing exponentially.
Markets ranged from the simple question of who would win the tournament to whether Cristiano Ronaldo would cry when Portugal were eliminated (he did).