BofA Sees Sports Contracts Reaching $1.1 Trillion

Bank of America analysts project that U.S. sports-related event contracts could surge to an annual volume of $1.1 trillion. This significant growth is expected to generate approximately $10 billion in annualized revenue for prediction market platforms. The current volume stands at $100 billion, indicating a massive potential expansion in this sector. This forecast highlights the increasing financial activity surrounding sports events and the emerging opportunities within prediction markets.