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Data compiled by Woofun AI shows that prediction market open interest reached $1.48 billion during the week ending June 15, establishing a new all-time high for the second consecutive week. Unlike trading volume, which captures transient daily activity, open interest quantifies the capital participants have deployed and remain exposed to risk. This metric has expanded approximately sixfold over the past year, suggesting that users are sustaining longer-term financial positions and that prediction markets are maturing into robust market infrastructure.
Meanwhile, major global events continue to drive user acquisition, with traders increasingly engaging across a broad spectrum of markets encompassing politics, economics, culture, and cryptocurrency. Previously, a16z crypto noted that multiple catalysts, including the World Cup, converged to propel weekly trading volume to a record $10.8 billion, further validating the sector's expanding utility.