Prediction markets have become popular again in the past two months. Once the December spot trading volume data was released, it directly reached $19.1 billion, surpassing the previous record by 35%, showing a strong growth trend.

In terms of trading volume rankings, Kalshi leads with $7 billion per month; Opinion follows closely with $6.7 billion; Polymarket ranks third with $5.3 billion. These three dominate the market, indicating a relatively high industry concentration.

This sector now feels like it has awakened. From the numbers, prediction markets have transformed from niche activities into markets with real trading depth. Whether new platforms can carve out a share depends mainly on whether they can offer users a smoother experience and genuine returns. The market is expanding, opportunities are there, and only by entering can you potentially seize them.