PredictHub Docs
  • Abstract
  • Introduction
    • What is Prediction Market?
    • Info Finance - Tokenizing Real-World Events
    • Why Decentralize Prediction Markets?
    • Market Potential
    • PredictHub: Explained Like I'm 5
    • What Sets PredictHub Apart from the Rest of the Market?
  • Mechanics
    • Central Limit Order Book
    • How does it work?
    • Fees Structure
  • Incentive System
    • Orbit Point
      • Passive Orbit
      • Become a Maker
    • Nova Point
      • For Taker
      • Leaderboard Bonus
    • Multiplier
    • Rewards Protection
  • Referral Program
  • Partnered Market
  • Tokenomic
    • Token Utility
  • Roadmap
  • In The Pipeline
    • URF Market
    • Rolling Position
      • Rolling Forward
      • Rolling Up or Down
      • Rolling Across Markets
    • OTC Market
    • Margin Trading
  • How to use PredictHub
    • Create Your Account
    • Fund Your Wallet
    • How to make your first trade?
    • Using Order Book
    • How to Withdraw?
  • FAQ
    • Where markets come from?
    • Who are you trading with?
    • Are there any country restrictions for users on PredictHub?
    • When do markets close and settle on PredictHub?
    • How Are Market Outcomes Determined on PredictHub?
    • Why Isn’t My Market Suggestion on PredictHub?
    • Why Do I Need Crypto on PredictHub?
  • Restricted Regions and User Eligibility
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  1. Introduction

Market Potential

PreviousWhy Decentralize Prediction Markets?NextPredictHub: Explained Like I'm 5

Last updated 6 months ago

Prediction markets aren’t a new concept in the space; they’ve been around since the last cycle. However, the market lacked the right conditions for prediction products to reach their full potential. It wasn’t until May 2024, when interest in forecasting the 2024 U.S. Presidential Election surged, that prediction markets began to truly take off. These markets aren’t just about profits; they offer real-time, valuable insights for those studying specific trends. With expanding media coverage and key metrics climbing daily, it’s clear that prediction markets have gone beyond just achieving Product-Market Fit — they are set to become one of the defining trends of this cycle.

What’s striking is how people are increasingly relying on insights from prediction markets as a reference point for daily events, ranging from political developments to entertainment trends. This paves the way for a significant opportunity, positioning crypto for mass adoption and attracting substantial capital inflows from traditional markets.

The growth metrics for prediction markets have been remarkable since early May 2024, showing:

  • Nearly $4 billion in trading volume

  • Over 240,000 users

  • More than 10.8 million on-chain transactions

  • $175M in total value locked

The rising momentum is clear as insights from prediction markets are now being featured as valuable reference points on major news networks like CNN.

Endorsed by Vitalik Butterin, the founder of Ethereum

Vitalik Butterin: From prediction markets to info finance

Shared by Elon Musk as an insightful take on the ongoing election situation

It is clear to us at PredictHub that prediction markets are gaining traction and becoming more seamlessly integrated into everyday life. However, we see many untapped opportunities within this space that could attract an even broader user base, including both newcomers and the crypto degen community. With this in mind, we've taken a bold and innovative approach that sets us apart from others in the industry, positioning PredictHub to lead the next wave of growth.