[Citizens: Prediction market revenue may grow fivefold by 2030, surpassing $10 billion] According to Bloomberg, analysts at Citizens Financial Group Inc. predict that by 2030, the revenue of prediction market companies could grow to five times its current level, surpassing $10 billion. Devin Ryan and his team of analysts at Citizens estimate that the industry's current annual revenue is approximately $2 billion. They note that at Robinhood Markets Inc., which offers Kalshi contract trading, this business has become the fastest-growing product in the company's history, currently accounting for about 10% of the company's total revenue. However, the analysts pointed out in their report that as institutions like hedge funds use these markets to bet on central bank policy moves and the likelihood of merger and acquisition deals, the future could see even more "exponential" growth. Ryan stated: 'We are still in the early stages, and people are focused on sports events because activity is concentrated in this area. But I think this overlooks the bigger picture. The greater opportunity lies in building broader prediction markets around various events that impact the economy or companies.' The industry still faces significant regulatory challenges, but analysts believe that the cryptocurrency and options markets provide precedents for addressing these issues.