Prediction market open interest hits record high for second consecutive week at $1.48 billion

Odaily Planet Daily reports that a16z crypto posted on X platform stating that the open interest in prediction markets reached $1.48 billion in the week ending June 15, hitting a record high for the second consecutive week. Unlike trading volume, which reflects daily activity, open interest tracks funds that participants have deployed and remain at risk. This figure has grown approximately sixfold over the past year, indicating that users are maintaining longer-term financial positions and that prediction markets are evolving into persistent market infrastructure. Major events attract a large number of users, and more traders are staying to participate in a broad range of markets covering politics, economy, culture, crypto, and other areas.

Previously, a16z crypto stated that multiple events, including the World Cup, resonated to drive prediction market weekly trading volume to a record high of $10.8 billion.