TRM Labs: Q1 forecasted market transaction volume reached $3.66 billion, surpassing on-chain gambling’s $1.4 billion for the first time

According to CoinTelegraph, blockchain intelligence firm TRM Labs released a report forecasting that the on-chain prediction market’s transaction volume for Q1 2026 will reach $3.66 billion—surpassing on-chain gambling’s $1.4 billion for the first time. On-chain gambling achieved a total annual transaction volume of $5.1 billion in 2025, setting a new quarterly record of $1.5 billion in Q4 2025. TRM Labs noted that despite the broader crypto market correction, transaction volumes in both sectors showed no significant decline—largely sustained by the continued activity of loyal user bases. Regarding user composition, “high rollers” accounted for only 6.3% of individual wallets yet generated 91.8% of total transaction volume. Meanwhile, the monthly transaction volume of average bettors grew from $17 million in January 2022 to $188 million in March 2026; the transaction volume of daily gamblers increased twelvefold over the same period, indicating substantial expansion of incremental user groups. From a risk perspective, TRM Labs highlighted differing financial crime risks across the two platform types: gambling platforms face higher money laundering risks, whereas prediction markets are more likely to draw scrutiny over insider trading.