Bernstein Projects Prediction Market Volume to Reach $10 Trillion by 2035

The notable claim is not the headline figure but the composition: financial assets, not sports, becoming the primary driver. That reframes prediction markets as a venue for hedging and price discovery on macro and corporate outcomes, putting them closer to derivatives and event contracts than to betting. The open questions are whether regulated venues can list such contracts at scale and whether institutional participation follows. Whether the financial-asset mix actually overtakes sports is the metric to watch.