Overview
- Citizens estimates an annualized industry revenue rate above $3 billion, up from about $2 billion in December.
- Monthly activity accelerated, with January volumes more than 40% higher than December and February pacing similarly despite a forecast post‑sports slowdown.
- Analysts cite stronger market structure and early institutional engagement as momentum builds beyond gambling‑style use cases.
- Leading venues include Kalshi, a CFTC‑regulated U.S. exchange for event contracts, and Polymarket, a large decentralized platform spanning politics, sports and economics.
- The report highlights targeted hedging utility and real‑time probability signals, and it projects revenue expansion beyond transaction fees into data, research and financing services.