Clear Street says 2026 will be breakthrough year for prediction markets

Wall Street brokerage Clear Street says 2026 will be a breakthrough year for prediction markets, driving revenue growth and competition

Major crypto and sports betting players entering asset class to pave way for broader product launches; FIFA World Cup, Winter Olympics, America's 250th anniversary and U.S. midterm elections to capture attention, Clear Street says

Fanatics, Coinbase COIN.O, FanDuel, DraftKings DKNG.O and Gemini GEMI.O have entered prediction markets in recent weeks

Total addressable market could grow to $14 billion by 2030, brokerage says

"While this is a bold prediction, we expect prediction market platforms could evolve into data and analytics companies over the longer term," Clear Street analyst Owen Lau says