Onchain gambling keeps rolling with $14B quarter despite crypto slump: TRM Labs

Written by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff writerWritten by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff writerOnchain gambling keeps rolling with $14B quarter despite crypto slump: TRM LabsLatest NewsPublishedJun 10, 2026TRM Labs said onchain gambling reached $51 billion in 2025, with repeat users and stablecoin flows helping the sector remain resilient during a broader crypto market pullback.Prediction markets overtook onchain gambling for the first time in the opening quarter of 2026, recording $36.6 billion in volume compared with gambling's $14 billion, according to TRM Labs.In a Wednesday report, the blockchain intelligence company said the shift followed a rapid expansion in both sectors. Onchain gambling reached $51 billion in 2025, while prediction markets climbed to $54 billion, putting the two categories at comparable scale heading into 2026. Still, onchain gambling remained near record levels. Quarterly gambling volume reached an all-time high of $15 billion in the fourth quarter of 2025, then held at $14 billion in Q1 2026.Neither onchain gambling nor prediction markets retreated along with the broader crypto markets. Volumes remained elevated through the 2025-2026 market correction.Annual onchain wagering volume. Source: TRM LabsA TRM Labs spokesperson told Cointelegraph that gambling volumes have surged during the recent market pullback because of the “sticky and expanding activity of a loyal user base.”“This does not mean anything about concentration risk in itself, since there is quite a large gambling user base,” the spokesperson said. “It shows how a consistent user activity can insulate an industry from a market pullback and in fact drive growth.”Gambling and prediction markets face different risksTRM said gambling platforms and prediction markets are increasingly converging on shared stablecoin infrastructure, but their financial crime risks remain distinct. Prediction markets such as Polymarket and Kalshi operate a…

Onchain gambling keeps rolling with $14B quarter despite crypto slump: TRM Labs

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