Australian multinational investment banking and financial services group Macquarie is optimistic about the prediction markets sector, expecting it to reach a $1.5 trillion trading volume by the end of the decade.

Macquarie analysts are confident in the growth of the prediction markets sector, with expectations of a significant $1.5 trillion trading volume by the end of the decade. This projection surpasses previous forecasts, indicating a more optimistic outlook for the sector's performance.

Chad Beynon, an analyst at Macquarie, anticipates substantial growth in the prediction markets sector, highlighting the potential for significant expansion and surpassing earlier estimations in trading volume.