Prediction markets have reached a significant milestone, with annual spot market volume soaring to $5 billion. This rapid growth highlights the increasing interest in crypto-based forecasting platforms, which are gaining traction among traders. Over the past year, these markets have evolved from niche applications to mainstream tools, allowing users to bet on outcomes of future events such as elections and economic data. The surge in activity is attributed to several factors, including the emergence of user-friendly platforms like Polymarket and Azuro, which have simplified the onboarding process. Additionally, political and economic uncertainties are driving users to explore these alternative markets. The integration of stablecoins and faster Layer-2 networks has also enhanced transaction efficiency, making prediction markets more accessible and competitive with traditional financial tools. As prediction markets continue to grow, they are poised to play a significant role in broader crypto adoption. With $5 billion in weekly spot volume, these platforms are becoming essential for gauging public sentiment and crowd wisdom. As regulatory clarity improves, prediction markets could become viable alternatives to conventional forecasting tools in politics, finance, and media.