Bernstein Lifts Prediction Market Forecast to $10T a Year by 2035

The striking part is not the $10 trillion figure but the speed of the revision: Bernstein has rewritten its own five-month-old forecast by an order of magnitude, which says more about how fast prediction markets are moving than about any single model. Such upward revisions tend to travel through coverage before the underlying volumes do, so the sector now carries expectations that its infrastructure, liquidity and regulatory footing have not yet been tested against. Whether the earlier $1 trillion path was simply too conservative, or the new one is extrapolating from a short run of activity, is the open question worth watching.