Weekly trading volume in prediction markets has soared to an unprecedented $10.8 billion, according to data from a16z crypto. This surge marks a new all-time high, driven by significant global events such as the SpaceX IPO, a U.S.-Iran peace agreement, the NBA Finals, and the World Cup. The prediction market has seen rapid expansion over the past year, with weekly volumes previously hovering around $500 million and rarely exceeding $1 billion. Since last autumn, volumes have consistently increased, stabilizing between $6 billion and $7 billion this spring. Despite a current low-volatility week, the market's size has surpassed last year's peak levels, indicating a robust structural growth in liquidity and participation.