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Prediction markets have broken free from their election-only reputation.
December 2025 marked a turning point—open interest hit an all-time high, signaling genuine product-market fit across a much wider range of event categories. What started as a niche election-betting mechanism is now becoming infrastructure for forecasting everything from tech product launches to economic indicators to sports outcomes.
The numbers tell the story. When open interest spikes to new ATHs, it usually means the market is broadening beyond early adopters. More liquidity, more use cases, more confidence in the underlying mechanics. This isn't just hype—it's evidence that prediction markets are graduating into something closer to mainstream utility within crypto.
The category escaped its original box.