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

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.