Prediction markets hit $20B in volume during World Cup betting surge

Prediction markets reached a record $20 billion in total trading volume during the World Cup, marking a major milestone for the sector. Bettors placed wagers on a wide range of outcomes, from tournament winners to personal moments involving individual players. One notable market asked whether Cristiano Ronaldo would cry upon Portugal's elimination — a bet that ultimately paid out. The scale of activity signals growing mainstream participation in crypto-based prediction platforms.