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US multi-asset clearing and brokerage firm Wedbush has cleared more than one billion prediction market contracts on a cumulative basis as of 31 May 2026. The firm says the milestone was made possible by its rapidly evolving clearing and back-end infrastructure, underscoring its position in multi-asset clearing and its ability to support emerging financial markets at scale.
The figure was reached across hundreds of prediction market contracts listed on multiple exchanges. Having supported the products since CME Group first launched them in mid-December, Wedbush has worked closely with clients to provide the technology, operational support, risk management and clearing infrastructure needed to access and offer these products to investors.
Combined monthly trading volume on Kalshi and Polymarket rose from under USD 5 billion in September 2025 to roughly USD 24 billion in April 2026, according to Pew Research Center analysis of data from The Block. For context, the total wagered through legal US sportsbooks averaged around USD 14 billion a month in 2025.
TRM Labs data shows that on-chain prediction market volume reached USD 36.6 billion in the first quarter of 2026, overtaking on-chain gambling for the first time. The two sat at roughly USD 54 billion and USD 51 billion respectively across the whole of 2025.
Built for scale
Wedbush's infrastructure is designed to support significant retail trading volumes, including the onboarding of thousands of accounts per second and the movement of millions of dollars across tens of thousands of transactions each day. The firm says the platform's performance and reliability have allowed clients to participate seamlessly in one of the fastest-growing segments of the financial markets.
"As prediction markets have experienced substantial growth, we have continued to invest in the technology and operational capabilities to meet that demand," said Bob Fitzsimmons, Executive Vice President of Wedbush. "For more than seventy years, Wedbush has evolved alongside financial markets, empowering broker-dealers, fintech firms, and market participants with the reliability and controls they expect."
"Our platform was built to deliver fast, bespoke, and highly scalable solutions for clients operating in increasingly dynamic markets," said Rodrigo Parrode, Executive Vice President and Chief Operating Officer of Wedbush. "As demand grows, we remain focused on delivering the operational resilience and infrastructure our clients need to compete."
The milestone follows a busy run for the firm, which earlier this month went live with full support for CME Group's 24/7 cryptocurrency futures, adding to existing coverage of the Coinbase Derivatives Exchange and Crypto.com Derivatives North America.
Wedbush Securities is a diversified financial services firm providing multi-asset clearing, prime brokerage, execution, wealth management and investment banking services to institutional and individual clients worldwide. Founded in 1955, it is one of a select group of US institutions offering both equity and futures clearing, supported by advanced technology and a longstanding commitment to client service, innovation and financial strength.
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