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Bank of America says prediction markets hit 1.5 trillion dollar annualized pace with 28 billion dollars traded this week, NextPredict reports
- Bank of America says prediction markets hit 1.5 trillion dollar annualized pace with 28 billion dollars traded this week, NextPredict reports — NextPredict reported that Bank of America analysts Shaun Kelley and Julie Hoover told the NEXTPredict Summit in New York on October 23 that prediction market trading volume reached 28 billion dollars this week, nearly 30 times the level a year earlier and about 1.5 trillion dollars annualized. Hoover estimated Kalshi holds 75 to 80 percent US market share, followed by Polymarket at 10 to 15 percent, and said DraftKings overtook Polymarket as the second-largest exchange on October 22. (NextPredict)
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