Data shows that the total trading volume of the prediction market reached $25.7 billion in March 2026, a 10.6% increase month-over-month. Trading activity was highly concentrated among small-scale retail users. Of the 1.29 million wallets tracked in the first quarter, 82.3% of users traded less than $10,000. Growth primarily came from micro, light, and moderately active user groups, with the market exhibiting a structure of "high-frequency participation and low single-transaction size." Crypto assets were the main entry point to the prediction market, accounting for 39.6% of micro-user activity. Bitcoin-related event contracts attracted approximately 593,000 users in the first quarter, with a trading volume of $5.42 billion, making it the most participated crypto prediction market. Ethereum and Solana recorded trading volumes of $1.19 billion and $420 million, respectively. In terms of category structure, the sports market ranked first with a trading volume of $10.1 billion, followed by the political market ($5 billion), of which geopolitical related transactions accounted for $2.41 billion. The overall trading volume of the crypto-related market reached $7.3 billion. Analysis suggests that predicting market growth relies primarily on "category expansion" rather than an increase in the size of individual transactions. Micro-users are active for an average of 2.5 days and participate in 1.45 categories, while medium-sized users are more active, participating in 9.9 days and 2.34 categories, indicating a shift from single-market speculation to a structure of sustained multi-market participation. (The Block)