Bernstein Projects Prediction Market Volume to Hit $10T by 2035

Bernstein's forecast implies prediction markets are being reclassified from a niche, sports-led betting venue into a general-purpose trading venue for crypto, equities and commodities. That shift matters because it puts the sector on a collision course with established derivatives and exchange venues, and with the regulators who oversee them. The open question is whether the product mix actually broadens as projected, since that — not headline volume — is what would force a repricing of the sector's competitive and regulatory standing.