Law enforcement’s scrutiny of the trading involving the prediction markets should come as no surprise, top financial cops say – as they are no longer just apps used by sports fans to wager on games, but high-profile venues used by sophisticated traders to gauge risks across global events, On The Money has learned. Prediction market volume is soaring; monthly trading volume is now $20 billion, up from just $1.2 billion in 2025. Much of that volume is based on wager on sports – what teams will