Prediction Markets Fall 7.56% as Tokenized Private Credit Gains

Prediction Markets fell 7.56% in the 24-hour snapshot at 11 p.m. ET Oct. 16 (03:00 UTC Oct. 17), the steepest drop among categories valued at least $2 billion, while Tokenized Private Credit led gains.

Prediction Markets had a $6.43 billion market capitalization and $22.3 million in trading volume. Tokenized Private Credit rose 0.69% to $24.82 billion, with $270.8 million in volume. The rankings reversed from the Oct. 15 sector snapshot, when Prediction Markets led gains with a 9.68% rise and Tokenized Private Credit had the largest decline.

Tokenized Assets added 0.30% to $48.63 billion on $1.69 billion in volume. Bitcoin Fork rose 0.27% to $6.13 billion, with $140.3 million traded. GENIUS Act Compliant Stablecoin and MiCA-Compliant Stablecoin each gained 0.08%, reaching $75.69 billion and $73.41 billion in market capitalization, respectively. Their trading volumes were $16.73 billion and $16.69 billion.

Options had the next-largest decline, falling 7.15% to $6.79 billion on $29.2 million in volume. Gambling (GambleFi) dropped 7.09% to $7.06 billion, with $21.6 million traded. Quantum-Resistant lost 6.20% to $21.39 billion on $1.38 billion in volume, while Zero Knowledge (ZK) fell 5.67% to $23.85 billion, with $1.62 billion traded.

The five listed gainers rose between 0.08% and 0.69%; the five listed decliners fell between 5.67% and 7.56%. Sector classifications overlap, so their market capitalizations and trading volumes cannot be summed into combined totals.