The 48-team FIFA World Cup tournament is expected to be the single largest catalyst for online sports betting in history, Bernstein said.

The FIFA World Cup is approaching, and prediction markets are booming. Find out how $2 billion in bets are being placed.

Global wagers on the 2026 World Cup could top $50 billion, according to Macquarie analyst Chad Beynon. That’s up from more than $35 billion in the 2022 tournament.

Bernstein sees the FIFA World Cup as a potential watershed moment for prediction markets, projecting a $5B to $10B uplift in volume.

The 48-team FIFA World Cup tournament is expected to be the single largest catalyst for online sports betting in history, Bernstein said.

Bernstein says the 2026 FIFA World Cup could drive billions in prediction market volume, boosting Coinbase and Robinhood as sports trading expands.