Summary
⚈ Nearly $1 billion in betting volume highlights crypto prediction market’s growth.
⚈ Small wagers dominate platform activity, showcasing accessibility in sports betting.
Fans across the globe are eagerly awaiting the Champions League final, slated for May 31, between Paris-Saint Germain (PSG) and Inter Milan — and so is the crypto market.
Like any sporting event of its caliber, the Champions League final has attracted plenty of betting interest. At present, the odds stand at 58.5% to 41.4% in favor of PSG, per data retrieved by Finbold from cryptocurrency predictions market platform Polymarket.
As of the time of writing, the total betting volume regarding the outcome of one of the most highly anticipated football matches of the year stands close to $1 billion at $997,521,904.
Billion-dollar betting on PSG vs Inter Milan is a clear sign of crypto prediction market’s immense growth
Sports betting, an important part of the multi-billion-dollar economic footprint of soccer, is certainly not a new phenomenon, but platforms like Polymarket have gone a long way in making the practice more accessible.
While it is true that a small number of large bets could theoretically have a significant impact on the odds, a closer look at platform activity as it relates to this football match in particular reveals a dynamic picture mostly dominated by small wagers.
Prediction markets platforms have also demonstrated a surprising degree of accuracy when it comes to predicting events. It remains to be seen, however, if Polymarket bettors’ Champions League winner PSG vs Inter Milan prediction, as well as its prediction regarding 2025’s Ballon d’Or winner, will prove true.
Featured image via Shutterstock
