In January, prediction markets recorded over $12 billion in trading volume, reaching an all-time high. Kalshi, Polymarket, Opinion, and Probable each surpassed $1 billion, indicating strong demand for event outcome betting platforms. The sector generated over $11 million in on-chain fees, led by Opinion at $6.14 million. During this period, several new platforms launched, expanding options for users and increasing overall market activity. The growth was driven by increased interest in decentralized prediction markets and the desire for more transparent and accessible betting mechanisms. Overall, January marked a record-breaking month for prediction markets, highlighting their rising popularity and potential for future expansion.