Attention is shifting to prediction markets
As retail traders lose interest in traditional spot trading (volumes have fallen noticeably on exchanges such as Gemini, Coinbase, and Robinhood), platforms are actively expanding event-based betting. For example, Gemini Predictions’ quarterly revenue rose by 52%, while Polymarket is reducing its workforce amid intensifying competition from the regulated platform Kalshi.
As retail traders lose interest in traditional spot trading (volumes have fallen noticeably on exchanges such as Gemini, Coinbase, and Robinhood), platforms are actively expanding event-based betting. For example, Gemini Predictions’ quarterly revenue rose by 52%, while Polymarket is reducing its workforce amid intensifying competition from the regulated platform Kalshi.