Prediction markets had their first mainstream moment during the 2024 US presidential election, when Polymarket’s odds were cited in major media alongside traditional pollsters. Volume on Polymarket hit over $3 billion across the election cycle, and the category has grown steadily since.
Polymarket itself is built on Polygon and does not have a user-facing token. The tokens in this sector are the governance or utility tokens of prediction protocols and adjacent infrastructure — Augur (REP/V2), Gnosis, Kalshi’s on-chain attempts, and a handful of newer launches.
Whether prediction markets remain a niche or grow into a serious category depends partly on regulation and partly on whether any single venue achieves the liquidity needed for accurate pricing on lower-profile events. Data below is live from CoinGecko.