Prediction markets have seen significant surges in activity around major political events, particularly elections. As the 2024 US Presidential Election approaches, trading volumes on these platforms are peaking. However, the big question is: what happens to prediction markets after the elections? To forecast the future of Web3 prediction markets, it's crucial to examine historical trends, analyze current Web2 prediction markets, and speculate on future events that could drive trading activity.

For thousands of years, humans have been trying to predict the future through various means, but nowadays, we have a more efficient method: markets. Markets efficiently aggregate information, leading to accurate pricing and facilitating the provision not only of goods and services, but also of opinions and knowledge. Today, we break down Azuro, a new player in the prediction markets niche that is looking to build a prediction layer, and also take a look at the prediction market as a whole.