CertiK predicts the market will quadruple in trading volume to $63.5 billion by 2025, with the industry facing security and regulatory challenges.

PANews reported on February 10th that, according to CertiK's "2026 Skynet Prediction Market Report," prediction market trading volume is projected to grow to $63.5 billion by 2025, a fourfold increase, with Kalshi, Polymarket, and Opinion becoming the dominant platforms. However, this growth also brings new risks, including oracle vulnerabilities, abuse of administrator keys, and Web 2.5 architectural issues.

The report points out that prediction markets are legal financial products in the US as ruled by the CFTC, but are banned in several EU countries as unauthorized gambling. Furthermore, regulatory differences across US states may further exacerbate compliance complexity. In December 2025, Polymarket's third-party authentication provider experienced a security incident, exposing a centralized point of failure in its hybrid Web2/Web3 architecture. The study also estimates that during peak airdrop periods, manual trading volume on some platforms reached 60%, severely distorting liquidity metrics.

CertiK predicts that the prediction market will see enhanced technology privacy and accelerated institutional adoption in 2026, but platforms will need to address issues such as liquidity maintenance, security infrastructure development, and revenue model sustainability to achieve long-term growth.