Prediction Frontier

Prediction Frontier

Prediction Frontier breaks down prediction markets; from first principles to frontier developments. Through research, explainers, and analysis, we help readers understand how information, probability, and capital converge to shape modern markets.


Prediction Markets Hit a Record $78.2B in September: Q3 2026 Preview

2 Oct 2026 1 minute read 0 comments Edwin Munyui $0.10

Prediction markets closed September with $78.2 billion in notional volume, marking the largest month ever compared to July’s record which sat at $56.4 billion.  We’re putting together our Q3 report, and this week’s letter draws on three fundamental c...

Polymarket Sports Trading Hit $299 Million in a Week. What’s Behind the Number?

25 Sep 2026 2 minute read 0 comments Edwin Munyui $0.05

This week’s Prediction Frontier letter turns to sports. They accounted for $299.3 million, more than half of Polymarket’s on-chain trading, from September 14–20. Esports added another $77.4 million. That much trading needs someone willing to take the...

Novig Topped Kalshi in Search for Three Days. Did Sydney Sweeney Bring Traders?

21 Sep 2026 2 minute read 0 comments Edwin Munyui $0.07

The past week has been quite interesting for the prediction market sector, with discussion around Novig’s “Just Sports” campaign featuring Sydney Sweeney taking centre stage. Did it hit the sweet spot? On visibility, the answer appears to be yes. On...

Polymarket Odds Are Becoming News. Here’s What Gets Lost

11 Sep 2026 3 minute read 0 comments Edwin Munyui $0.04

Prediction markets are building distribution faster than they are building standards for how their odds should be presented. A 70 per cent probability can look self-explanatory, but the number alone does not tell the audience the exact contract wordi...

Can Prediction Markets Actually Absorb a $1 Million Hedge? We Tested It

28 Aug 2026 2 minute read 1 comment Edwin Munyui $0.11

It’s been four weeks since the last Prediction Frontier Weekly. We spent most of that time in the trenches, refining what we’re building and digging into the question that followed the World Cup: what comes next? Sports are still driving much of the...

Robinhood’s $156M Event-Contract Quarter Puts Prediction Markets to the Business-Model Test

3 Aug 2026 5 minute read 0 comments Edwin Munyui $0.05

Prediction markets defended the correct FOMC outcome, generated more quarterly revenue for Robinhood than equities or crypto, and moved deeper into corporate hedging. The signal is working. The next test is whether the category can create durable fin...

World Cup Volume Is Fading. Can Prediction Markets Keep the Capital?

18 Jul 2026 3 minute read 0 comments Edwin Munyui $0.03

Prediction markets have spent much of the World Cup breaking trading-volume records. This week offered the first indication of what happens when the tournament begins to wind down. Polymarket’s World Cup Winner market generated $165.6 million in seve...

Can Prediction Markets Become Corporate Hedging Tools? The $500 Million World Cup Test

10 Jul 2026 4 minute read 0 comments Edwin Munyui $0.01

Prediction markets have spent much of the World Cup proving that they can attract retail trading volume. This week offered a more consequential development: can the same markets become a tool for hedging financial risk at the institutional level?  Su...

Prediction Markets’ $45 Billion Month Brings the Institutional Opportunity Into Focus

3 Jul 2026 6 minute read 0 comments Edwin Munyui $0.14

Prediction markets closed out June with the biggest month in the sector's history. Combined trading volume across Kalshi, Polymarket, and Polymarket US reached $44.8 billion, up 75% from May's $25.66 billion, according to The Block, with the FIFA Wor...

Prediction Markets Hit $13.1B in Weekly Volume as World Cup Trading Drives a New Growth Phase

26 Jun 2026 4 minute read 0 comments Edwin Munyui $0.01

Prediction Markets have continued to break records in trading volume since the debut of the FIFA World Cup 2026. According to DeFi Rate, the past week recorded a total notional volume of $13.1 billion; Kalshi accounted for $9B (69%) while Polymarket...