Prediction market volume hit $12 billion in January, breaking all-time records

January was loud for the prediction market. Total trading volume cleared $12 billion for the month and set a fresh all-time high. Kalshi, Polymarket, Opinion, and Probable each crossed $1 billion on their own. Fees followed the activity. On-chain fees passed $11 million in January across the prediction market space. Opinion alone generated $6.14 million. […]