Highlights

• Cryptocurrency platforms are expanding into prediction markets through licensing applications, partnerships and new event-based products.
• Rising activity on prediction platforms contrasts with weaker trading volumes across conventional digital asset markets.
• Regulatory disputes over gambling laws remain a challenge for companies entering the US prediction market sector.

Cryptocurrency exchanges are expanding into prediction markets as weaker digital token prices and reduced trading activity encourage businesses to diversify their services. In the United States, platforms are pursuing regulatory approvals, partnerships and new products…