Prediction markets hit a remarkable milestone in 2025—total trading volume climbed to $50.25 billion. What's striking is that two platforms alone each surpassed the $20 billion mark, dominating the sector's activity. But here's where things get interesting: starting Q4 2025, we're seeing a notable shift in trading volume patterns on these platforms. The momentum that built up through the year appears to be cooling, suggesting the market may be entering a consolidation phase rather than continuing its rapid ascent.